-45 Degree Trendline Angle In Bear Trends?

Hi,

Not the best at maths but what would a 45 degree trend line angle be in a bear market going down?

Thanks.

-45

How do you define an angle in a time/price chart?
0 and pi/2 (90°) I can figure out but for the others... What is a 45° angle? 1 pip per second slope?

I use 100 pips (1 cent) per month for daily or higher timeframes. 1 pip per hour for lower time frames, nothing else. This is the same for bull or bear markets same for all currency pairs,. This information involved months of research, have fun.

Let's put apart that the month is not a unit of time (not the same number of days), here you define a velocity. The velocity of the price is independent of the timeframe since at any point of time the price is obviously the same on any TF.
A speed isn't an angle. A speed makes sense and can be negative when you define an orientation. But an angle makes none to me.

On the chart one axis is time and the other is price. The angle therefore depends on how much of either you show.
So if I have a hundred time periods and have an angle of 45% and then compress the chart by showing more time periods the angle will change.
G.

If you have a large price range at the beginning of the chart followed by a smaller trading range, the latter part of the chart is compressed.
If you draw a trend line the line may well be a lot less than 45 degrees.
Move the chart along a bit so that the large range disappears from the left hand side of the chart and lo and behold, that trendline suddenly IS 45 degrees or more.
Zoom out and the trendline is once again more shallow.
The angle of the trendline means absolutely nothing

[highlight=rgba(255, 255, 255, 0)]... Trend lines on Point and Figure charts are plotted at an angle of 45 degrees.[/highlight]

Doesn't matter the chart you are looking at, an angle can't be mesured in degree on MT4. The same line will have a different slope when zoom in/out or changing TF ... even with the exact same start and end points.

The only way to mesure/define an angle here is by pips/candle ... (pips per chart period).

Zoom all the way in on your MT4 chart. Then zoon out one level. Plot a trend line by angle. I have found many trends on the daily timeframe follow about a 30° angle for up trends and a 330° angle for down trends at that zoom level.

The trend line by angle plot a line with a defined angle in degree ... yes ! ... but if you zoom in/out, the angle is still the same but the line changed its coordinates in order to keep its angle.

I often use the Gann Angle tool - but it also changes with the TF.....

Try Shifted Renko with Fixed one to one chart if you want 'nearly' constant 45 / 315 degree angles.. even if change zoom in/out, it will stay same..





Hope it help and best regard

I wrote this indi' a while back: http://www.forexfactory.com/showthre...48#post5728948

It uses pips per bar to draw the "angles" - might do what you want....