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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