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.
Angle
Price AnglesA script to draw Price Angles and Time Levels given Cycle start point, Cycle space (size), Cycle type ( Bullish / Bearish ), Cycle shape, Time levels space, Time levels count
Makes it easier for you to find where a cycle could end
All shapes are included (Circular, Straight Line, Triangular, Square, Pentagon, Hexagon, Heptagon, Octagon, Nonagon, Decagon)
Everything is customize-able, you can customize Angles text color and position, Main angles lines color and style, Secondary angles lines color and style and Time levels color and style
You can disable drawing Time levels as well
My Telegram :- @Kirolos_T
Angular MomentumEXPERIMENTAL:
Returns a smoothed non lagging(peaks are convergent time wise) angular motion.
