Slope Direction Line Trend Indicator and Smoothing Options
Summary
The document describes a trend indicator called SlopeDirectionLine and lists its configurable inputs. Users can select two smoothing methods and adjust their lengths or phase parameters, choose the applied price, and shift the indicator horizontally or vertically. The settings expose several averaging approaches, including methods whose parameters affect smoothing behavior or adaptivity.
It also describes alert options for on-screen notifications, sound, push messages, and email, plus a bar index used to obtain the signal. The indicator depends on an external smoothing-algorithm library for its implementation. The document does not explain the signal calculation, define entry or exit rules, or provide tests, historical results, or guidance on selecting parameters. As a result, it serves mainly as a description of indicator configuration and notification behavior, rather than evidence for a complete or profitable trend-following strategy.
Key ideas
- SlopeDirectionLine is presented as a trend indicator with configurable price smoothing.
- Its inputs allow users to choose averaging methods and adjust smoothing parameters and chart shifts.
- The indicator can issue alerts through several notification channels and uses a selected bar for its signal.
- Implementation depends on a separate smoothing-algorithm library.
- The document gives no signal formula, trading rules, parameter-selection method, or performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.