Slope_TKLibrary "Slope_TK"
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 )
Slopes
MA SLope Potential Divergence - FontiramisuIndicator 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 insights with divergences
Potential divergences are indicated with the letter B and a red color for Bearish Div or Green color for Bullish Div .
Potential divergence is confirmed when the line and the label "Bear"' or "Bull" appear.
You can either show fast slope's divergences or slow slope's divergences or slow/fast diff's divergences.
4S4Slopes. hecate
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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 .
OR
Use them trading the equity in 4 parts. one will be trading on faster movements (faster slope), second slightly slower and the other two slower and slower. Faster ones will be more profitable but more aggressive and risky than the slower ones.
