Using Price-Chart Angles to Classify Trends Across Timeframes
Summary
The article explores horizontal, vertical, and turning angles as ways to describe price trends. It proposes an optical analogy: a trend behaves like a light ray, while smaller-timeframe trends resemble components of a broader move. The author suggests classifying each timeframe as rising, falling, or in an upper or lower flat, and considering how higher-timeframe direction can affect a potential reversal.
Examples compare measured turning angles across timeframes and discuss which angle types are easier to interpret at different scales. The article also outlines indicators that measure angles from selected chart points, ZigZag swings, or regression lines, and proposes using modified Andrews median-line angles to identify direction. These are exploratory ideas rather than validated trading rules: the author says clear reversal signals and useful combinations of angle types remain unestablished, and notes that chart display scaling can make visual angles differ from calculated values.
Key ideas
- The article defines a trading angle using price movement relative to elapsed bars and describes horizontal, vertical, and turning angles.
- It proposes that a broad trend can be viewed as a combination of trends on smaller timeframes.
- The author classifies price action on a timeframe as rising, falling, or flat near either end of a move.
- Angle types may be easier to interpret differently across lower, medium, and higher timeframes.
- Modified Andrews-line angles are proposed as directional signals, but their practical value remains uncertain.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.