Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Perhaps it seems like I’m making this up as I go along, adding feature after feature all willy-nilly. Believe it or not, I actually have a plan in mind, and we’re getting there one baby step at a time. Here’s another step, and I assure you, this is the start of something much larger.
SlopeCharts now has a one-of-a-kind way to represent the options contracts that exist for a given financial instrument, and we call them OptionDots. To use them, just click on the Delta symbol (that is, the triangle) on the row of SlopeLinks:
In two days, we’ve gone from zero Slope Links in SlopeCharts to five, and more are coming. I’ll let them speak for themselves about their purpose:
If there are other functions you want with one-click access, drop me an email. There’s a steady drumbeat of product improvements on the way. Incidentally, I heard from some folks that use Firefox and Internet Explorer that the Market Meter dial was misbehaving for them. No more! It’s all fixed now.
As we continue to build out Slope as well as SlopeCharts, an important principle for me is that the features don’t get buried. In other words, I want the important functions of the site to be as visible and easily-accessible as possible. In that spirit, I wanted you to know about Slope Links:
We introduced the oh-so-cool Market Meter very recently, and we’ve already integrated it into SlopeCharts. This has the advantage of immediacy. Any chart you are looking at, you can click on the new icon and instantly get the Market Meter for that security over the past 30 days. For greater control, you can use the Market Meter page, but this is a great way to get an immediate view.
It has been a while since we’re introduced any new technical studies to SlopeCharts, but we’re going to be beefing up this portion of the product. The newest entry, available to you right now, is the Average Directional Index (ADX).
The most important thing to understand about ADX that makes it different than most indicators is that, in spite of the word “directional” in its name, it actually should not be heeded for guidance about direction. The indicator is all about trend strength. In other words, the ADX could be moving higher and higher while prices are moving lower and lower, and all the ADX is telling you is that the trend is strong and getting stronger. The fact ADX is going “up’ doesn’t mean prices are doing the same.