The Natural Market Slope was created by Jim Sloman and this is one of his many Ocean Indicators which I'm publishing thanks to receiving source materials from @altcoinz and @tmac87. I did completely rewrite the formula for this indicator but I commented out the original calculation so you can compare or just for study purposes. I like this version better because it is very smooth and the original formula is a bit faster with response but is very choppy in comparison.
This indicator was the basis for his Natural Market Combo which I will be publishing very soon so stay tuned for that. The idea behind all of his Natural indicators was to use the natural log of the current price in different ways. This indicator obviously focuses on the slope and it essentially becomes another momentum indicator which peaks when the upward momentum is gone and vice versa. Buy when the line turns green and sell when it turns red. I have added strong buy and sell signals in addition to the normal ones and strong signals are darker in color in comparison to the original lighter colors.
Let me know if there are any other indicators you would like to see me publish!
Информация о релизе
⋅
Added a multiplier to compensate for prices that are very low
Does the multiplier standardise to which price scale
cheatcountry
⋅
@TheWolfofWalchwil, I'm assuming you mean the 1000 and really it is just to make sure we have big enough values to work with
TheWolfofWalchwil
⋅
@cheatcountry, I have found with slope analysis that there is a problem with dealing with different price scales. Eg a stock at 100 USD will give very different results with a stock 1 USD. Is the slope in this formula normalised to compare stocks accurately with different price scales