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
RETURN angle coloured(r,g,0) style(histogram) as "Angle", 0 as "level 0"
No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.ProRealTime ITF files and other attachments :