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Indicator Slope Solver


The Indicator Slope solver offers multiple solutions for analyzing slope conditions, and user definable signals (output).

Parameters

This section is common to all solvers.  A description can be found here.
This section is common to all solvers.  A description can be found here.

Input

Select the type of data you want to know the slope of.  e.g. To analyze if price sloped up or down, select Price.  To analyze if an indicator plot is sloping up or down, select Indicator Value.  For a detailed explanation, see the section on Data Type Selection.

Parameters

Sets the threshold value for conditions Output – Against Direction → Greater Than Max and At Max, also Output – In Direction → Greater Than Max and At Max.  This value is automatically inverted internally for short signals.

Measurement
Sets the type of measurement to calculate the Max Value. Possible measurements are Points, Ticks, Renko Bricks, & ATRs.

Sets the threshold value for conditions Output – Against Direction → At Min and Less Than Min, also Output – In Direction → At Min and Less Than Min.  This value is automatically inverted internally for short signals.

Measurement
Sets the type of measurement to calculate the Max Value. Possible measurements are Points, Ticks, Renko Bricks, & ATRs.

Output

Sets the solver’s Long & Short simultaneous output value when the Indicator slope is zero (flat).

Output – Against Direction

Sets the solver’s Short output value when the Indicator slope is increasing and greater than Parameters → Maximum Slope value.  Sets the Short output value when the Indicator slope is decreasing and less than the inverted Parameters → Maximum Slope value.

Sets the solver’s Short output value when the Indicator slope is increasing and between Parameters → Minimum Slope value and Maximum Slope value.  Sets the Short output value when the Indicator slope is decreasing and between Parameters → Minimum Slope value and Maximum Slope value.  The output value is interpolated between At Min to At Max values.

Sets the solver’s Short output value when the Indicator slope is increasing and equal to Parameters → Minimum Slope value.  Sets the Short output value when the Indicator slope is decreasing and equal to the inverted Parameters → Minimum Slope value.  The output value is interpolated between At Min to At Max values.

Sets the solver’s Short output value when the Indicator slope is increasing and less than Parameters → Minimum Slope value.  Sets the Short output value when the Indicator slope is decreasing and less than the inverted Parameters → Minimum Slope value.

Output – In Direction

Sets the solver’s Long output value when the Indicator slope is increasing and greater than Parameters → Maximum Slope value.  Sets the Short output value when the Indicator slope is decreasing and less than the inverted Parameters → Maximum Slope value.

Sets the solver’s Long output value when the Indicator slope is increasing and between Parameters → Minimum Slope value and Maximum Slope value.  Sets the Short output value when the Indicator slope is decreasing and between Parameters → Minimum Slope value and Maximum Slope value.  The output value is interpolated between At Min to At Max values.

Sets the solver’s Long output value when the Indicator slope is increasing and equal to Parameters → Minimum Slope value.  Sets the Short output value when the Indicator slope is decreasing and equal to the inverted Parameters → Minimum Slope value.  The output value is interpolated between At Min to At Max values.

Sets the solver’s Long output value when the Indicator slope is increasing and less than Parameters → Minimum Slope value.  Sets the Short output value when the Indicator slope is decreasing and less than the inverted Parameters → Minimum Slope value.

Video Tutorial

This video is from our weekly Workshop in July 2015.
For more benefit please watch in full screen mode, as this video is recorded in HD.


Examples


Example 1A: The Basics

This demonstrates the basic function of Indicator Slope solver with the use of the Stochastic D.  This Solver will be used to detect which direction the Stochastic is pointing by analyzing if the slope is positive or negative.

  • Add the Indicator Slope solver
  • Set Indicator to Stochastic D

The chart below shows a Long signal when the Stochastic D is pointing up, and a Short signal when it is pointing down.

Example 1B: The Basics with Filtering

This demonstrates the basic function of Indicator Slope solver as an indicator angle filter.  This Solver will be used to detect strong angles in the SMA 14.

  • Add the Indicator Slope solver
  • Set Indicator to SMA
  • Set Maximum Slope to 1 Ticks

As the chart below shows, when the angle of the SMA 14 is strong in either direction a signal is given.

Example 2A: Finding Flatness (or Consolidation)

This demonstrates how to find price consolidation with the Indicator Slope solver. This Solver will be used to detect flat areas in the SMA 14 and generate a bi-directional signal that can be used in an exit system.

  • Add the Indicator Slope solver
  • Set Indicator to SMA
  • Set Minimum Slope to 0.1 Ticks
  • Set Output Value At Slope Zero to 1
  • Set Output-Against Direction Less Than Min to 1
  • Set Output-In Direction Greater Than Max to 0
  • Set Output-In Direction At Max to 0
  • Set Output-In Direction Less Than Min to 1

The chart below shows, when the SMA 14 is flat(ish) a bi-directional signal is given. A bi-directional output was setup, because a flat SMA is neither Long or Short.

Example 2B: Finding Consolidation with ADXVMA

This demonstrates a specialized way to find price consolidation with the Indicator Slope solver. This time we’ll use the SiADXVMA indicator (a similar indicator is avilable from Lizard Trader) to determine consolidation and generate a bi-directional signal that can be used in an exit system.

  • Add the Indicator Slope solver
  • Set Indicator to SiADXVMA
  • Set the Period to 6
  • Select DataSeries ADXVMA: Long and Short checkbox

  • Set Minimum Slope to 0.1 Ticks
  • Set Output Value At Slope Zero to 1
  • Set Output-Against Direction Less Than Min to 1
  • Set Output-In Direction Greater Than Max to 0
  • Set Output-In Direction At Max to 0
  • Set Output-In Direction Less Than Min to 1

The chart below shows, when the ADXVMA is flat a bi-directional signal is given. A bi-directional output was setup, because a flat ADXVMA is neither Long or Short.