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Using slope of an indicator in an auto-strategy


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  #1 (permalink)
 
nanobiotech's Avatar
 nanobiotech 
Brisbane, Australia
 
Experience: Intermediate
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I have a question for those amongst us that understand indicator code (I'm not too good at this yet) in order to access indicators in a strategy.

A nice example is the attached MASlopeBoxMulti indicator, which can display the slope of any of a good selection of moving average indicators.

My question is: how can the slope that is displayed on the chart be used as an entry or exit trigger in a strategy? How can we code for this in a strategy?

Cheers,
Nano


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  #3 (permalink)
 
sam028's Avatar
 sam028 
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In your .zip, a DataSeries is used to store the slope, but it's not always needed.
You can just use a variable, which stores the current slope, computed using the 3 previous values of the "thing" you want to apply/compute the slope.
For example, the slope of a EMA(20), in degrees:

 
Code
                            
//init

private int _ema20slope ;
...
// OnBarUpdate()
_ema20slope = (int)(180/Math.PI*(Math.Atan((EMA(20)[0]-(EMA(20)[1]+EMA(20)[2])/2)/1.5/TickSize)));
if (
_ema20slope > 45) { golong();}
if (
_ema20slope < -45) { goshort();} 


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  #4 (permalink)
 
nanobiotech's Avatar
 nanobiotech 
Brisbane, Australia
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus/Zen-Fire
Trading: CL
Posts: 670 since Jun 2009
Thanks Given: 134
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sam028 View Post
In your .zip, a DataSeries is used to store the slope, but it's not always needed.
You can just use a variable, which stores the current slope, computed using the 3 previous values of the "thing" you want to apply/compute the slope.
For example, the slope of a EMA(20), in degrees:

 
Code
                            
//init

private int _ema20slope ;
...
// OnBarUpdate()
_ema20slope = (int)(180/Math.PI*(Math.Atan((EMA(20)[0]-(EMA(20)[1]+EMA(20)[2])/2)/1.5/TickSize)));
if (
_ema20slope > 45) { golong();}
if (
_ema20slope < -45) { goshort();} 

Sam, I'm seriously impressed. Thank you. I'll have a go.

Nano


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  #5 (permalink)
 Zoethecus 
United States of America
 
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Platform: NT
Posts: 1,145 since Aug 2009


nanobiotech View Post
Sam, I'm seriously impressed. Thank you. I'll have a go.

Nano

Sam is the best. A major assest and a true professional.


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Last Updated on August 6, 2010


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