Slope & Incline indicators

Newborn Trader

Newbie
7 0
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 !
 

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Brumby

Established member
593 137
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.
 

tomorton

Legendary member
7,563 1,035
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

Newbie
7 0
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 :)
 

barjon

Legendary member
10,361 1,594
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 :LOL:
 
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tomorton

Legendary member
7,563 1,035
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

Newbie
7 0
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.
 

Kaeso

Established member
836 91
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?
 

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