How can I measure the angle of slope?

[Rusty3]

I would like to calculate the number of degrees - slope - of a trend line (or channel), like what you would do with a protractor. I can't find a way to do this.

I checked the "slope" box in the trend line properties menu, but I don't understand the numbers it provides. I want to get angles measured in degrees.

Thanks.

[eostrom]

This is hard to do since the chart scales can be adjusted whenever users would like, there are no set angles. That being said we do have a set grid feature that would force the chart to have certain angles. Currently this feature only works on Point & Figure charts, but I am submitting a feature to have it added to normal candle charts as well. Currently there isn't a way to to get the exact degrees.

[eostrom]

Please keep in mind that even though these lines that are drawn will look like 45 degree lines, they are not true angle lines. If you were to change the interval in the chart the line degree would change as there are no real true angles on charts.

[Rusty3]

Please keep in mind that even though these lines that are drawn will look like 45 degree lines, they are not true angle lines. If you were to change the interval in the chart the line degree would change as there are no real true angles on charts.

I see what you are saying. Also resetting the right scale would change the angle too. To do any comparisons the time frames would have to be the same as would the scale setting on the right.

What unit of measure does the number represent when the box is checked for "slope" in the properties for trend lines?

Thanks for your help.

[eostrom]

It is Rise over Run where Rise is price and Run is number of bars.

[Rusty3]

It is Rise over Run where Rise is price and Run is number of bars.

Thank you very much!

Is there somewhere I could have looked this up?


Rusty A