B.M.I. Angle of MA
March 1, 2019, 9:53 AM
Indicators
3 Comments
The purpose of this indicator is to plot the supposed angle that makes a moving average of X period. The higher / lower the value, the strongest is the trend, it can also be interpreted as the speed of the market.
Other methods of calculation and discussions about this concept in this topic: Discussing the strategy VECTORIAL DAX (M5)
// --- settings
//Periode = 10 //Période de la MM
//nbChandelier= 20 // Nombre de chandeliers sur lesquels on évalue la pente
// --- end of settings
MM = Exponentialaverage[Periode](close)
ADJASUROPPO = (MM-MM[nbchandelier]*pipsize) / nbChandelier
ANGLE = (ATAN(ADJASUROPPO))
if angle>0 then
r=0
g=255
else
r=255
g=0
endif
RETURN angle coloured(r,g,0) style(histogram) as "Angle", 0 as "level 0"
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B.M.I.-ANGLE.itf
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