Forex Angle of Averages MT4 Indicator:
About the Forex Angle of Averages MT4 Indicator
Angle of Moving Averages
This indicator is very simple yet powerful concept which constantly calculate the slope of the current bar moving average with respect to the N bar before moving average value. This no only give a good entry and exit signal but also it shows traders the strength of the signal. It shows positive green histogram when market is moving toward upward direction and red histograms for downtrend. When large histograms found means market has very strong trend.
MA Price Type
The maximum price for the period
The minimum price for the period
Median price, (high + low)/2
Typical price, (high + low + close)/3
Average price, (high + low + close + close)/4
Bars Before Slope will be calculated
Signal above positive angle
Signal below negetive angle
Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)