B.M.I. Angle of MA

Category: Indicators By: Balmora74 Created: March 1, 2019, 9:53 AM
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"

 

Download
Filename: B.M.I.-ANGLE.itf
Downloads: 404
Balmora74 Veteran
Code artist, my biography is a blank page waiting to be scripted. Imagine a bio so awesome it hasn't been coded yet.
Author’s Profile

Comments

Logo Logo
Loading...