Forex Angle Of Price MT4 Indicator

Forex Angle Of Price MT4 Indicator:

About the Forex Angle Of Price MT4 Indicator

Angle of Price

It is a trend following indicator. The idea behind this indicator is very simple. it calculates the angle of certain price type with its N candle back price type.

When the price is moving toward upward direction positive angle histograms will be created and vice versa for downward direction.

There are couple of price type supported in this indicator. Which is as follows

  1. Close
  2. Open
  3. High
  4. Low
  5. Median
  6. Typical
  7. Weighted
When combined with other indicators it could be used as a very powerfull tool to find the trend strength. This is very helpful to avoid rangebound markets.

Test results:

Forex Angle Of Price 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)

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