Moving Average Slope [aamonkey]

10 thg 10, 2019

This indicator tries to identify ranging and trending markets.

It measures the angle of a Moving Average in order to filter out ranging markets.

The idea is to only enter a trend following trade if the slope is steep enough.


In order to create this indicator, I used a strategy script from bennef called "Trend Angle BF" and slightly modified it to transform it from an entry/exit indicator to a filter.

The calculations are based on Evergrets "Jurik MA" and angle calculation by KyJ.

9 thg 1, 2020

Phát hành các Ghi chú

Thx to ahancock I removed redundant code

9 thg 1, 2020

Phát hành các Ghi chú

Updated picture