aamonkey

Moving Average Slope [aamonkey]

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.
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How can I download this indicator?
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aamonkey cscalioni
@cscalioni, You can only use this indicator on Tradingview. To find it just search the name in the indicator tab or add it to your favorites.
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Man I cannot thank you enough for this amazing script! Its literally going to make me rich! May God bless you sir :)
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aamonkey darklightning91
@darklightning91, Make sure to give sth back once you made it ;)
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very helpful ..cheers !
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aamonkey mycotoxin
@mycotoxin, Glad I can help :D
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Looks good - I like the idea of being able to adjust the filter lines so you can determine at what steepness you enter.
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The original script:
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