Simple Slope Oscillator Measures Average Price Change
Summary
The Simple Slope is a price-trend oscillator calculated from the difference between the current close and the close a chosen number of periods earlier, divided by that period count. Its single adjustable input is the calculation period. This expresses average price change per period over the selected lookback, making it a compact measure of recent directional movement.
The document describes the indicator as removing the trend-related component from price movements, but gives no formula for a separate detrending step, interpretation thresholds, trading rules, or examples. It provides no backtest or empirical evidence about predictive value. The note is therefore useful as a concise indicator definition, while leaving practical choices such as period selection and signal use to the reader.
Key ideas
- Simple Slope compares the current close with the close a chosen number of periods earlier.
- The price difference is divided by the lookback period to express average change per period.
- The calculation has one adjustable input: its period.
- The document gives no thresholds, trading rules, or evidence of performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.