4S
4Slopes. hecate
==============
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.
==============
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.
study("4S",overlay=false)
c=input(close)
p1=input(75,title="First Slope Period", type=integer, minval=2,maxval=600)
p2=input(150,title="Second Slope Period", type=integer, minval=2, maxval=600)
p3=input(300, title="Third Slope Period", type=integer, minval=2,maxval=600)
p4=input(375, title="Fourth Slope Period", type=integer, minval=2,maxval=600)
slope(a,b)=>(linreg(a,b,0)-linreg(a,b,0)[b])/b
s1 = slope(c,p1)
s2 = slope(c,p2)
s3 = slope(c,p3)
s4 = slope(c,p4)
plot(s1,color=s1>s1[1]?white:s1<s1[1]?orange:na,style=line,linewidth=1)
plot(s2,color=s2>s2[1]?white:s2<s2[1]?orange:na,style=line,linewidth=2)
plot(s3,color=s3>s3[1]?white:s3<s3[1]?orange:na,style=line,linewidth=3)
plot(s4,color=s4>s4[1]?white:s4<s4[1]?orange:na,style=line,linewidth=4)