What is the PGD_Slope indicator?
Posted: Mon Jul 02, 2012 6:37 pm
I could not find any documentation of the PGD_slope indicator. Could you send me some basic info on it?
PGD_Slope is a calculation of the slope (rise over run) of a stock. It's called PGD_Slope because it is the calculation that Paul Grems Duncan uses in his research.
The formula is:
EMA1:= EMA(C, N);
SLOPE1: ROR(EMA1, 2);
So it is basically the slope of the N period EMA between current and previous bar.