This library calculate the slope of a serie between two points
The serie can be ta.ema(close,200) for example
The size is the number of bars between the two points for the slope calculation, for example it can be 10
slope_of_ema200 = slope(t a.eam(close, 200) , 10 )
slope( float serie, int size )
Indicator showing potential momentum divergences on Moving Average's Slope.
The problem with the classic divergence is that when the signal appears, it is sometimes too late to enter a trade .
The potential divergence corrects this problem by signaling the beginning of a potential divergence .
Moving average slope is a momentum indicator that offers relevant...
Using 4 smoothed Slopes (not lagging) and checking when they start to decrease (entering the orange zone) we can either get a general idea (although quite chaotic) view or general tendency of all together .
Use them trading the equity in 4 parts. one will be trading on faster movements (faster slope), second slightly slower and...