Draw a line at a 45 degree angle...

[funk101]

Looking for help in drawing a line at a 45 degree angle given just a starting point. eg: Low[x] then just calculate the 45 degree angle to, eg: CanvasRight for example. I realize this is probably "unsupported", any help from the C# programmers would be greatly appreciated.

[NinjaTrader_JC]

Hello funk101,

Basically, you would to start out by using some Geometry to be able to calculate 2nd Point from the point you would like to start at given and the desired angle.

Here is a good thread that talks about how this can be accomplished that you may view.

http://forums.codeguru.com/showthread.php?120582-Draw-line-knowing-angle

One of the things that you may have to modify is the"x" value might get too large so you can either use a DateTime variable or you may override the plot method to manually draw this on the chart.

For an example of how to override the plot method you may see a reference under Tools -> Edit NinjaScript -> Indicators -> CustomPlotSample.

http://msdn.microsoft.com/en-us/library/system.math.sin.aspx?cs-save-lang=1&cs-lang=csharp#code-snippet-2

[Harry]

Looking for help in drawing a line at a 45 degree angle given just a starting point. eg: Low[x] then just calculate the 45 degree angle to, eg: CanvasRight for example. I realize this is probably "unsupported", any help from the C# programmers would be greatly appreciated.

Angles are just a proxy for momentum. The concept of angles was useful when charts were printed on paper without ever changing the scales.

With modern charting software that allows you to change (or autoscale) the x-axis and y-axis, the concept of an angle as a substitute for momentum is useless.

You are coming 30 years late.

[funk101]

Ha, what a crazy response! How bold of you to assume my intentions.
Best of luck trading, Harry.

[Harry]

Ha, what a crazy response! How bold of you to assume my intentions.
Best of luck trading, Harry.

I have seen too many indicators based on angles, and none of them worked correctly. Scalability and angles do not go together. Also angles do not pass the consistency test (C-Test) as suggested by trader and mathematician William Eckhardt.

Of course I do not know, what you are going to do with the angles.Maybe you just wanted to embellish your chart ?

Angles are sort of a red flag which I cannot ignore. This explains my funnny response. Drawing lines from a starting point would usually require some normalization, that is dividing the vertical distance by the average true range or standard deviation of the bars shown on the chart.

[funk101]

Yes my friend, a purely technical response would've been nice. However, if I need an *opinion* on some issue in the future I will be sure and seek you out.
Cheers.

[Harry]

You need to replace "angle" with "rise over run", then define what is a unit of "rise" (for example a multiple of the average true range, a tick or a point) and what is the unit of "run" (1 bar or a time interval). Once the units for "rise" and "run" have been defined, you can introduce a concept of an artificial slope. An angle of 45 degrees would be represented by a number units of "rise" over an equal amount of units of "run".

The concept of rise-over-run is explained here:

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:slope

Again on scalable charts there are no real invariant angles.

[koganam]

Yes my friend, a purely technical response would've been nice. However, if I need an *opinion* on some issue in the future I will be sure and seek you out.
Cheers.

If I may poke my nose in here. Actually Harry did give you a technical response. He just also added a humorous comment, with which it appears that you take umbrage. His response is pretty much driven by the same reasons that we gave in this thread. ref: http://www.ninjatrader.com/support/f...22460#poststop.

The real point here is that angles really are meaningless on quantified scales, but at a time when charts were being drawn by hand on graph paper, they made a convenient shortcut to determining rise/run, and as charts were generally drawn to the same convenient scale, that made angles a viable quick visualization tool. On today's charts, that are often autoscaled by the computer, you no longer have fixed axes, so an angle drawn, while putatively remaining at the same visual slope, no longer represents that same rise/run ratio after the chart scale may have been changed by the software. Conversely, the same rise/run ratio may easily be shown at different visual angles as the chart axes change. The conclusion here then is that, on modern computerized charts, the visual angle is often not representative of the real world price/chart action, and may actually be misleading.

[funk101]

Well I'll leave you guys to it.
Thanks.
Peace.

[sledge]

Well I'll leave you guys to it.
Thanks.
Peace.

This only chance of this working is on a logarithmic chart with margin type on price.

This would not work on a linear chart, as any adjustment of the scale by NT or you makes it no where near a 45 degree angle anymore.

[MarsOptimus]

If I

Angles are just a proxy for momentum. The concept of angles was useful when charts were printed on paper without ever changing the scales.

With modern charting software that allows you to change (or autoscale) the x-axis and y-axis, the concept of an angle as a substitute for momentum is useless.
.

This only chance of this working is on a logarithmic chart with margin type on price.

This would not work on a linear chart, as any adjustment of the scale by NT or you makes it no where near a 45 degree angle anymore.

So how does something like http://www.integrity-traders.com/ind..._category_id/9 work?

[sledge]

So how does something like http://www.integrity-traders.com/ind..._category_id/9 work?

I dunno...no access..

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edit:

Where are the indicators??


The indicators are in the Indicator Store (now including the free indicators) which is only accessable to registered users. You can register here or at the 'Login' tab at the top of the page.

Once registered and logged in, you will see the Indicators Store listed here under the Indicators menu or in the menu at the top of this page.

[koganam]

So how does something like http://www.integrity-traders.com/ind..._category_id/9 work?

No access to that to which you point. If you want information about such, try sending a PM to eDanny.