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Angle of Moving Average

Angle of Moving Averages

This indicator is very simple yet powerful concept which constantly calculate the slope of the current bar moving average with respect to the N bar before moving average value. This no only give a good entry and exit signal but also it shows traders the strength of the signal. It shows positive green histogram when market is moving toward upward direction and red histograms for downtrend. When large histograms found means market has  very strong trend.

Inputs Available


  •  MA Method

ID

Value

Description

MODE_SMA

0

Simple averaging

MODE_EMA

1

Exponential averaging

MODE_SMMA

2

Smoothed averaging

MODE_LWMA

3

Linear-weighted averaging


  • MA Period
  • MA Shift
  • MA Price Type

ID

Description

PRICE_CLOSE

Close price

PRICE_OPEN

Open price

PRICE_HIGH

The maximum price for the period

PRICE_LOW

The minimum price for the period

PRICE_MEDIAN

Median price, (high + low)/2

PRICE_TYPICAL

Typical price, (high + low + close)/3

PRICE_WEIGHTED

Average price, (high + low + close + close)/4


  • Bars Before Slope will be calculated
  • Signal above positive angle
  • Signal below negetive angle
  • Allow Notification
  • Allow Email
  • Allow Alert

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Identify ranges  | Get earliest signals of Trends  | Get clear exits before reversal  | Spot the Fibo levels the price will test   |  Non-repainting, non-delayed indicator - ideal for manual and automated trading - for all assets and all time units $69   for launch - then back to >>   $149 After purchase,   please contact me on this channel   for recommended and personalised settings MT4   version:  Click here Get our full method with  BladeSCALPER  and   PowerZONES What is it about? TrendDE
MetaBands M5
Vahidreza Heidar Gholami
4.67 (3)
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MetaBands uses powerful and unique algorithms to draw channels and detect trends so that it can provide traders with potential points for entering and exiting trades. It’s a channel indicator plus a powerful trend indicator. It includes different types of channels which can be merged to create new channels simply by using the input parameters. MetaBands uses all types of alerts to notify users about market events. Features Supports most of the channel algorithms Powerful trend detection algorith
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Blahtech Limited
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Олег Похилько
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Олег Похилько 2023.02.11 13:20 
 

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Biswarup Banerjee
10512
Reply from developer Biswarup Banerjee 2023.02.11 16:01
thanks for your input , but we can not simply calculate angle on a horizontal line. We need a point from where we connect the point of the price to measure angle with respect to that line. Thats why we have to take a reference point of how many candle back our source point would be
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