Forex Angle of Averages MT4 Indicator

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.

Inputs Available

 

MA Method
ID

Value

Description

MODE_SMA

0

Simple averaging

MODE_EMA

1

Exponential averaging

MODE_SMMA

2

Smoothed averaging

MODE_LWMA

3

Linear-weighted averaging

 

MA Period
MA Shift
MA Price Type
ID

Description

PRICE_CLOSE

Close price

PRICE_OPEN

Open price

PRICE_HIGH

The maximum price for the period

PRICE_LOW

The minimum price for the period

PRICE_MEDIAN

Median price, (high + low)/2

PRICE_TYPICAL

Typical price, (high + low + close)/3

PRICE_WEIGHTED

Average price, (high + low + close + close)/4

 

Bars Before Slope will be calculated
Signal above positive angle
Signal below negetive angle
Allow Notification
Allow Email
Allow Alert

Test results:

Forex Angle of Averages MT4 Indicator

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)

Other forex trading Expert Advisors

Leave a Comment