Slope & Incline indicators

[Newborn Trader]

Hi !

So i have been trading for couple of months and i am using TA with my trading.
There is one thing i can find tough, it seems that in most cases when uptrend begin there is significant change with the incline exactly like in the added picture.

I have tried to use the Slope indicators but i didn't find anything helpful.

Please advise

THANK YOU !

 

[Brumby]

Hi !

So i have been trading for couple of months and i am using TA with my trading.
There is one thing i can find tough, it seems that in most cases when uptrend begin there is significant change with the incline exactly like in the added picture.

I have tried to use the Slope indicators but i didn't find anything helpful.

Please advise

THANK YOU !

The degree of incline already tells you a story. The problem is you are not paying attention to the story.

 

[Newborn Trader]

The degree of incline already tells you a story. The problem is you are not paying attention to the story.

Hi Brumby ,

Its obvious.
Im just looking to find indicator that can point that out so i can alert it in my system.

Thanks for replying

 

[Brumby]

Hi Brumby ,

Its obvious.
Im just looking to find indicator that can point that out so i can alert it in my system.

Thanks for replying

Good luck then. Let us know when you find one.

 

[Newborn Trader]

Sure thing m8

 

[barjon]

Try this http://www.trade2win.com/boards/trading-journals/212716-straight-line-approach-sla.html

 

[tomorton]

Hi !

So i have been trading for couple of months and i am using TA with my trading.
There is one thing i can find tough, it seems that in most cases when uptrend begin there is significant change with the incline exactly like in the added picture.

I have tried to use the Slope indicators but i didn't find anything helpful.

Please advise

THANK YOU !

Most experienced traders are very cautious about acting on what an indicator says. I'd advise the basic rules for judging an indicator are -
Does it tell me something I absolutely have to know before deciding on a trade?
Does the chart already tell me what I have to know, without adding the need for an indicator?

So, what are you trying to achieve?

 

[Newborn Trader]

Most experienced traders are very cautious about acting on what an indicator says. I'd advise the basic rules for judging an indicator are -
Does it tell me something I absolutely have to know before deciding on a trade?
Does the chart already tell me what I have to know, without adding the need for an indicator?

So, what are you trying to achieve?

Hi Tomorton ,

To be honest im just looking for a quick shortcut, all the up trend have some higher slope than usual if there is any indicator that can confirm this change with the right alert its a pure profit.
Its sounds too easy tough

 

[Newborn Trader]

Try this http://www.trade2win.com/boards/trading-journals/212716-straight-line-approach-sla.html

Hi Barjon.

I cant find the SLA indicator in Tradingview ,

Any ideas ? maybe different name ?

Thanks a lot !

 

[barjon]

Hi Barjon.

I cant find the SLA indicator in Tradingview ,

Any ideas ? maybe different name ?

Thanks a lot !

No, it’s not an indicator - just a method using straight lines. Basically using your eyeballs . The thread is worth a read.

Just as an aside there are no “shortcuts” in trading

 

[tomorton]

Hi Tomorton ,

To be honest im just looking for a quick shortcut, all the up trend have some higher slope than usual if there is any indicator that can confirm this change with the right alert its a pure profit.
Its sounds too easy tough

Actually, the angle of a trendline is determined by the vertical range of the chart display so its not a great distinguishing factor between slopes on different charts. One could look like a really steep uptrend but represents a very poor % increase, and vice versa.

Then again, % increase isn't a great factor either - a 5% increase in a week on one chart could be a colossal move, or just a blip on another.

I'm wondering if change in ATR might be worth looking at?

 

[Newborn Trader]

No, it’s not an indicator - just a method using straight lines. Basically using your eyeballs . The thread is worth a read.

Just as an aside there are no “shortcuts” in trading

LOL

WILL DO

 

[Newborn Trader]

Actually, the angle of a trendline is determined by the vertical range of the chart display so its not a great distinguishing factor between slopes on different charts. One could look like a really steep uptrend but represents a very poor % increase, and vice versa.

Then again, % increase isn't a great factor either - a 5% increase in a week on one chart could be a colossal move, or just a blip on another.

I'm wondering if change in ATR might be worth looking at?

Very enlightening !

I will check the ATR as well.

 

[mpups]

Hi !

So i have been trading for couple of months and i am using TA with my trading.
There is one thing i can find tough, it seems that in most cases when uptrend begin there is significant change with the incline exactly like in the added picture.

I have tried to use the Slope indicators but i didn't find anything helpful.

Please advise

THANK YOU !

I love how the newbie after 2 months sees the market as some dumb animal that trends in a straight line as predicted by an indicator.

What source of wisdom has instilled this fantasy my friend?