Moving Average Angle (Stochastic)

v10.3
Moving Average Angle (Stochastic)

This is a stochastic type representation of the moving average angle. This means that an ascending value will represent a stronger trend while descending value will represent a weakening trend leading to consolidation.

The indicator is color coded meaning the color will represent the direction of the trend (green = bullish; red = bearish and blue = consolidation). There is also an customizable Angle Threshold that can be set to help identify the consolidation zone, meaning if the value crosses below this value it could indicate possible consolidation.

Furthermore there is a signal line (black) that draws a slightly faster version of the angle line providing early signals and leading trend direction.

The customizable input parameters is as follow:

Moving Average Period
Angle Threshold
Sample Period (period used to calculate the signal line)

*Download and import the ITF file for all input parameters

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Risk disclosure:

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 : How to import ITF files into ProRealTime platform?

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