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# Slope of a moving average indicator

Discussion in 'Technical Analysis' started by bigbrent701, Oct 5, 2007.

1. ### bigbrent701

I use esignal for my charting. What I am looking for is trying to find the slope of an indicator and have that displayed as an indicator. I know nothing about programming and usually find indicators that suit what I am looking for.

2. ### Supermax

amibroker.com, babe

3. ### empee

rise/run, you have to determine the period.

4. ### Hook N. Sinker

I find that indicator tests well. I call it moving average slope. It's momentum of a moving average. You might experiment with different moving average time constants and momentum intervals, say compare the values of the moving average now with the value 10 intervals earlier.

5. ### bigbrent701

Its something that I have followed for years but something my eye doesnt always pick out when it should. I dont know how to write the efs script for it unfortunately. I use a 8/20 ema system with a longer term EMA as a trend filter.

6. ### fearless9

hi bb,

I havent used esignal charts for some time but I am sure that you will find it in the library

7. ### bigbrent701

Have done some searching. No luck so far, if anyone happens to have an EFS file that does this feature please share.

9. ### JimmyJam

When I was trading Woodie's CCI System I got the code off of th web and translated it into QuoteTracker to measure the slope of two moving averages (an Exponential Moving Average and a Least Square Moving Average), it's simple enough to also apply the formula to a Simple Moving Average, as well as make minor customizations to how it measures the slope.

Here's the formula:
if ema(34)/ema(34)[1] > 1 and lsma(25)/lsma(25)[1] > 1set color to \$80FFFF else set color to Red
*
if ema(34)/ema(34)[1] < 1 and lsma(25)/lsma(25)[1] < 1 set color to \$80FFFF else set color to Red
*
if ema(34)/ema(34)[1] > 1.00005 and lsma(25)/lsma(25)[1] > 1.00005 set color to \$9AF89C
*
if ema(34)/ema(34)[1] < 0.99995 and lsma(25)/lsma(25)[1] < 0.99995 set color to \$9AF89C
*
if ema(34)/ema(34)[1] > 1.0001 and lsma(25)/lsma(25)[1] > 1.0001 set color to \$00D21B
*
if ema(34)/ema(34)[1] < 0.9999 and lsma(25)/lsma(25)[1] < 0.9999 set color to \$00D21B
-----------------------------------------------------------

Note, I stopped using these types of tools a long time ago, it's all about the price action.

Hope it helps.