StockFetcher Forums · Filter Exchange · ANGLE BETWEEN INDICATORS<< 1 2 3 4 >>Post Follow-up
graftonian
1,089 posts
msg #154229
- Ignore graftonian
modified		 10/8/2020 11:08:53 AM

No one has posted a filter for a while, and, I've been tinkering with the question "does the difference in slope of two indicators make a difference?". The slope of a line (its tangent) offered little going forward, and the conversion to angle (in degrees) proved to be a ton of code. Thanks to some early work by SF and friends, here are the results/
Graf
Fetcher[
/*ANGLE BETWEEN INDICATORS 10/7/2020*/
NOT OTCBB
CLOSE BETWEEN 1 AND 10
AVERAGE VOLUME(10) > 1000000
/*angle of MA slopes, or your choice of indicator 1 and 2*/
set{indicator1, ema(13)}/*set here*/
set{indicator2, ema(50)}/*and here*/
draw indicator1 on plot price
draw indicator2 on plot price
set{slopeind1, 2 day slope of indicator1}
set{slopeind2, 2 day slope of indicator2}
set{radiansind1, slopeind1}
set{radiansind2, slopeind2}
set{atanind1, atan(radiansind1)}
set{atanind2, atan(radiansind2)}
set{hcircle, 180 / 3.14159}
set{angledegind1, atanind1 * hcircle}
set{angledegind2, atanind2 * hcircle}
add column angledegind1
add column angledegind2
set{CrossingAngle, angledegind1 - angledegind2}
add column CrossingAngle
/*add the crossing angle and angledeg10ma*/
set{MomentumAngle, CrossingAngle + angledegind1}
add column MomentumAngle
/*filter and sort*/
indicator1 crossed above indicator2
sort on column 8 descending
/*bells and whistles*/
set{xxx, close}
draw price line at xxx
]
VirginTrader
73 posts
msg #154239
- Ignore VirginTrader		 10/8/2020 7:42:46 PM

Thanks for sharing graftonian! Were you able to find an optimal value on the crossangle value?
graftonian
1,089 posts
msg #154247
- Ignore graftonian		 10/9/2020 10:00:07 AM

@virgintrader,
I haven't got that far. I wrote the script so that any two indicators could be used, hoping that people would test it with their favorites. I am currently testing this code with my favorites, the 10 and 50 Hull MAs. An angle over approx. 100 degrees results in large Gap-ups.
Graf
Cheese
1,374 posts
msg #154248
- Ignore Cheese		 10/9/2020 11:31:03 AM

Thank you, Graf for generoulsy donating this intellectually labor intensive creation.

I've been a fan of your pioneer work in this area since the earlier years.

I think of your filter above as a dual-purpose tool.

You've mentioned the first purpose, which is to identify breakouts for your trading.

I don't have the same philosophy and level of trading skills, so I edited your tool
for my voodoo stock analyses.

Fetcher[




/* ORIGINAL CODE by GRAFTONIAN */
/* https://www.stockfetcher.com/forums/Filter-Exchange/ANGLE-BETWEEN-INDICATORS/154229 */



/* ADAPTED FOR POSSIBLE STOCK ANALYSES --- MY ANALYSIS is VOODOO STUFF, FOR ILLUSTRATION and ENTERTAINMENT ONLY */



/* tech stocks at various stages in their product and service cycle */

SYMLIST(ZM,ORCL,CSCO) /* ZM possibly in merging and growth stage, ORCL and CSCO possibly in maturing stage */

CHART-TIME 24 MONTHS



/*ANGLE BETWEEN INDICATORS 10/7/2020*/
NOT OTCBB
/*CLOSE BETWEEN 1 AND 10 */ /* COMMENTED OUT */


AVERAGE VOLUME(10) > 1000000

/*angle of MA slopes, or your choice of indicator 1 and 2*/
set{indicator1, ema(13)}/*set here*/
set{indicator2, ema(50)}/*and here*/
draw indicator1 on plot price
draw indicator2 on plot price
set{slopeind1, 2 day slope of indicator1}
set{slopeind2, 2 day slope of indicator2}
set{radiansind1, slopeind1}
set{radiansind2, slopeind2}
set{atanind1, atan(radiansind1)}
set{atanind2, atan(radiansind2)}
set{hcircle, 180 / 3.14159}
set{angledegind1, atanind1 * hcircle}
set{angledegind2, atanind2 * hcircle}
add column angledegind1
add column angledegind2
set{CrossingAngle, angledegind1 - angledegind2}
add column CrossingAngle
/*add the crossing angle and angledeg10ma*/
set{MomentumAngle, CrossingAngle + angledegind1}
add column MomentumAngle

/*filter and sort*/
/*indicator1 crossed above indicator2 */ /* COMMENTED OUT */
sort on column 8 descending

/*bells and whistles*/
set{xxx, close}
draw price line at xxx


DRAW angledegind1 LINE AT 20 /* angledegind1 for maturing tech stocks likely not above 20 ? */
DRAW angledegind1 LINE AT -20
]
snappyfrog
721 posts
msg #154254
- Ignore snappyfrog
modified		 10/10/2020 7:08:39 AM

Thank you Graf

I am applying it here with my short term (2 -5 day) style of swing trading using the Stochastic (20,20,2).

Impressive to say the least!

Fetcher[
/*Original Code by GRAFTONIAN*/

/*Adapted to my code for short term swing trades using the Stochastic %K(20,20,2)*/

/*ANGLE BETWEEN INDICATORS 10/7/2020*/
NOT OTCBB
CLOSE BETWEEN 5 and 20
AVERAGE VOLUME(10) > 1000000
optionable
market is not otcbb
market is not etf
/*angle of MA slopes, or your choice of indicator 1 and 2*/
set{indicator1, Stochastic %K(20,20,2)}/*set here*/
set{indicator2, Stochastic %D(20,20,2)}/*and here*/
/*draw indicator1 on plot price
draw indicator2 on plot price*/
set{slopeind1, 2 day slope of indicator1}
set{slopeind2, 2 day slope of indicator2}
set{radiansind1, slopeind1}
set{radiansind2, slopeind2}
set{atanind1, atan(radiansind1)}
set{atanind2, atan(radiansind2)}
set{hcircle, 180 / 3.14159}
set{angledegind1, atanind1 * hcircle}
set{angledegind2, atanind2 * hcircle}
add column separator
add column angledegind1
add column angledegind2
set{CrossingAngle, angledegind1 - angledegind2}
add column separator
add column CrossingAngle
/*add the crossing angle and angledeg10ma*/
set{MomentumAngle, CrossingAngle + angledegind1}
add column MomentumAngle
/*filter and sort*/
indicator1 crossed above indicator2
sort on column 10 descending
/*bells and whistles*/
set{xxx, close}
draw price line at xxx
]
xarlor
581 posts
msg #154255
- Ignore xarlor
modified		 10/10/2020 10:25:42 AM

Expanding on this awesome filter and the collaborations. Simple entry and exit rules for lots of quick wins.

Enter when indicator1 crosses above indicator2 and during a TTM Squeeze.
Exit either when close crosses above Upper BB or below Lower BB.

Fetcher[

/*Original Code by GRAFTONIAN*/

/*Snappyfrog's adapted code for short term swing trades using the Stochastic %K(20,20,2)*/

/*ANGLE BETWEEN INDICATORS 10/7/2020*/
NOT OTCBB
CLOSE BETWEEN 5 and 20
AVERAGE VOLUME(10) > 1000000
optionable
market is not otcbb
market is not etf
/*angle of MA slopes, or your choice of indicator 1 and 2*/
set{indicator1, Stochastic %K(20,20,2)}/*set here*/
set{indicator2, Stochastic %D(20,20,2)}/*and here*/
/*draw indicator1 on plot price
draw indicator2 on plot price*/
set{slopeind1, 2 day slope of indicator1}
set{slopeind2, 2 day slope of indicator2}
set{radiansind1, slopeind1}
set{radiansind2, slopeind2}
set{atanind1, atan(radiansind1)}
set{atanind2, atan(radiansind2)}
set{hcircle, 180 / 3.14159}
set{angledegind1, atanind1 * hcircle}
set{angledegind2, atanind2 * hcircle}
add column separator
add column angledegind1
add column angledegind2
set{CrossingAngle, angledegind1 - angledegind2}
add column separator
add column CrossingAngle
/*add the crossing angle and angledeg10ma*/
set{MomentumAngle, CrossingAngle + angledegind1}
add column MomentumAngle

/* TTM Squeeze draw */

set{momo,cema(momentum(16),5)}

set{Pchange1,momentum(16)/momentum(16) 1 day ago}
set{Pchange,Pchange1 - 1}

set{sqz1,count(momo > .01,1)}
set{sqz2,count(momo < 0,1)}
set{sqz3,count(Upper Bollinger Band(20,2) < Upper Keltner Band(20,2),1)}
set{sqz4,count(Lower Bollinger Band(20,2) > Lower Keltner Band(20,2),1)}
set{sqz5,sqz3 * sqz4}
set{sqz6,sqz1 + sqz2}
set{TTM_Squeeze,sqz5 * sqz6}

/*filter and sort*/
set{Squeeze_Length,count(TTM_Squeeze > 0,11)}

set{long1,count(indicator1 crossed above indicator2,1)}
set{long2,count(Squeeze_Length < 11,1)}
set{long3,count(TTM_Squeeze > 0,1)}
set{long4,long1 * long2}
set{long,long3 * long4}
long > 0

set{exit1,count(close crossed above Upper Bollinger Band(20,2),1)}
set{exit2,count(close crossed below Lower Bollinger Band(20,2),1)}
set{exit,exit1 + exit2}
exit > -1

add column momo
add column pchange
draw momo
draw TTM_Squeeze
plottype{momo,zerobar}

sort on column 10 descending
/*bells and whistles*/
set{xxx, close}
draw price line at xxx
draw indicator2 on plot indicator1
]
sat_stocks
24 posts
msg #154257
- Ignore sat_stocks		 10/10/2020 11:43:54 AM

Hi,

How to use this filter? My looking at filter can take long/short without looking charts ? If so, please let me know how to use Colum angind1 ,angind2 ..so on

Thanks
Sat
wcurtis
54 posts
msg #154258
- Ignore wcurtis		 10/10/2020 12:07:01 PM

Not Bad, graftonian !

Thanks
graftonian
1,089 posts
msg #154259
- Ignore graftonian		 10/10/2020 12:11:48 PM

Glad to see you folks trying different tacks with this indicator. Some good is bound to come of it.

@sat_stocks,currently I am using momentum angle to sort the results of 1) a Hull MA 10/50 cross, 2) a Schaff Trend Cycle cross above 25, and 3) a favorable Aroon indicator pattern.

Fetcher[
/*STC & Hull 10/50 MA cross*/
NOT OTCBB
CLOSE BETWEEN .50 AND 20
AVERAGE VOLUME(10) > 1000000
chart-time is 6 months
/*schaff trend cycle*/
set{range, MACD (23,50,9) 10 day high - MACD (23,50,9) 10 day low}
set{var2, MACD (23,50,9) - MACD (23,50,9) 10 day low}
set{var3, var2 / range}
set{var6, cema(var3, 3) 10 day high}
set{var5, cema(var3, 3) 10 day low}
set{var7, cema(var3, 3) - var5}
set{var8, var6 - var5}
set{var9, var7 / var8}
set{var10, cema(var9, 3)}
set{STC, 100 * var10}
draw STC
draw STC line at 25
draw STC line at 75
/*H50*/
set{slow1, cwma(close, 25)}
set{slow2, 2 * slow1}
set{slow3, cwma(close, 50)}
set{valslow, slow2 - slow3}
set{H50, cwma(valslow, 7)}
DRAW H50 ON PLOT PRICE
/*H10*/
set{slow1A, cwma(close, 5)}
set{slow2A, 2 * slow1A}
set{slow3A, cwma(close, 10)}
set{valslowA, slow2A - slow3A}
set{H10, cwma(valslowA, 3)}
DRAW H10 ON PLOT PRICE
add column H10 add column H50 add column STC
/*OHLC*/
set{OHLC1, open + high}
set{ohlc2, ohlc1 + low}
set{ohlc3, ohlc2 + close}
set{OHLC, ohlc3 / 4}
draw price line at OHLC

/*angle of MA slopes, or your choice of indicator 1 and 2*/
set{indicator1, H10}
set{indicator2, H50}
set{slopeind1, 2 day slope of indicator1}
set{slopeind2, 2 day slope of indicator2}
set{radiansind1, slopeind1}
set{radiansind2, slopeind2}
set{atanind1, atan(radiansind1)}
set{atanind2, atan(radiansind2)}
set{hcircle, 180 / 3.14159}
set{angledegind1, atanind1 * hcircle}
set{angledegind2, atanind2 * hcircle}
add column angledegind1
add column angledegind2
set{CrossingAngle, angledegind1 - angledegind2}
add column CrossingAngle
sort on column 8 descending
/*sum the crossing angle and angledeg10ma*/
set{MomentumAngle, CrossingAngle + angledegind1}
add column MomentumAngle
add column separator
add column OHLC

close > close 1 day ago
close > open
sort on column 11 descending/*momentumangle*/
/*my purchase info*/
set{SharesToBuy1, 100 / OHLC}
set{SharesToBuy, round(SharesToBuy1)}
add column SharesToBuy
set{CashReq, SharesToBuy * OHLC}
add column CashReq
/*bells and whistles*/
draw momentumangle
draw momentumangle line at 0
draw angledegind1 on plot momentumangle
draw angledegind2 on plot momentumangle
draw ind(spy, close)
do not draw OHLC
/* 10% gain and 5% loss lines*/
set{10pctgain, ohlc * 1.1}
set{5pctloss, ohlc * 0.95}
draw price line at 10pctgain
draw price line at 5pctloss
/*filter*/
H10 crossed above H50 within the last 2 days
STC crossed above 25 within the last 2 days
AngleDegInd2 > 0
momentumangle > momentumangle 1 day ago
]
snappyfrog
721 posts
msg #154260
- Ignore snappyfrog		 10/10/2020 12:12:14 PM

Great work guys!

Took out TTM Squeeze (sorry) and made BB inside Keltner Bands a condition and visual only for those not on Advanced subscription.

I also opened up the price range to anything above 5 and made the condition that Pchange > -2 and indicator2 < 50.

Let me know what you think.



Fetcher[
/*Original Code by GRAFTONIAN*/

/*Snappyfrog's adapted code for short term swing trades using the Stochastic %K(20,20,2)*/

/*Xarlor's adapted code and removing TTM Squeeze, making BB a visual indicator for those not on Advanced Subscription*/

/*Added Pchange > -2 and changed close to close > 5*/

/*ANGLE BETWEEN INDICATORS 10/7/2020*/
NOT OTCBB
CLOSE > 5
AVERAGE VOLUME(10) > 1000000
optionable
market is not otcbb
market is not etf
/*angle of MA slopes, or your choice of indicator 1 and 2*/
set{indicator1, Stochastic %K(20,20,2)}/*set here*/
set{indicator2, Stochastic %D(20,20,2)}/*and here*/
/*draw indicator1 on plot price
draw indicator2 on plot price*/
set{slopeind1, 2 day slope of indicator1}
set{slopeind2, 2 day slope of indicator2}
set{radiansind1, slopeind1}
set{radiansind2, slopeind2}
set{atanind1, atan(radiansind1)}
set{atanind2, atan(radiansind2)}
set{hcircle, 180 / 3.14159}
set{angledegind1, atanind1 * hcircle}
set{angledegind2, atanind2 * hcircle}
add column separator
add column angledegind1
add column angledegind2
set{CrossingAngle, angledegind1 - angledegind2}
add column separator
add column CrossingAngle
/*add the crossing angle and angledeg10ma*/
set{MomentumAngle, CrossingAngle + angledegind1}
add column MomentumAngle

/* TTM Squeeze draw */

set{momo,cema(momentum(16),5)}

set{Pchange1,momentum(16)/momentum(16) 1 day ago}
set{Pchange,Pchange1 - 1}
Pchange > -2

draw Upper Bollinger Band(20,2) < Upper Keltner Band(20,2),1)
draw Lower Bollinger Band(20,2) > Lower Keltner Band(20,2),1)

add column momo
add column pchange
draw momo
plottype{momo,zerobar}

sort on column 12 descending
/*bells and whistles*/
set{xxx, close}
draw price line at xxx
draw indicator2 on plot indicator1
and indicator1 crossed above indicator2
and indicator2 < 50
]
StockFetcher Forums · Filter Exchange · ANGLE BETWEEN INDICATORS<< 1 2 3 4 >>Post Follow-up

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