MA Slope

[PeterBrazel 10]

I have coded this crude attempt at an MA that changes colours according to the slope. I have merely provided an input for a lookback period and compared the increase/decrease in readings to change the color. Surprisingly it works out better than I expected but I would like more from the indicator.

 

I am not a mathemetician but thought that somebody out there may either have come across something or could suggest a better means of calculating the slope. The critical issue is when the MA becomes flat. I have set this indicator to provide flat plus two strengths for both up and down.

 

Any suggestions?

[Tams 20]

you can incorporate an ADX into the coloring scheme

 

Why ADX > 20 Is a Lie + Easy Trading Method

http://www.traderslaboratory.com/forums/f34/why-adx-20-lie-easy-trading-5839.html

[Tams 20]

or incorporate the BWI - BB Band Width Indicator

http://www.traderslaboratory.com/forums/f46/bwi-bb-band-width-indicator-5701.html

 

[PeterBrazel 10]

This looks like a great idea. I will play with this concept over the WE and see what I can produce with it.

 

Thanks once again for your valuable input.

[PeterBrazel 10]

Attached is the output from using just the BB's as suggested. It is very sensitive and looks good so far as it goes but I will need to add some further conditions to improve it.

 

The BB idea is a great start. Price above Cyan or yellow looks good for long. Price below magenta or yellow for short looks good.

 

I will play around with it some more as soon as I get the time and will post the end result if there is any interest.

 

Thanks