Forex Moving Average Angle MT4 Indicator:
About the Forex Moving Average Angle MT4 Indicator
This indicator finds both the slope and the angle of moving averages based on degree, this is one of the best way to capture the trend of chart and many strategies use moving average angle in their instructions. You can find if the trend is starting or the market is still ranging.
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I strongly suggest you download the demo version and see the miracle of this indicator signals.
Key functions of the indicator:
Very easy to use and understand.
Very good, visual and easy tool to detect a trend.
You can use it as a filter to improve your signals or combine it with your trading strategies to get the best results.
Works in all symbols and all time frames.
Having pop-up, email, push notification and sound alerts option.
Compatible with Expert Advisor (EA) development with 4 different buffers. (Slope, Angle, Growing Angle, Shrinking Angle)
MA Period – Period of Moving Average.
MA Shift – Shift of Moving Average.
MA Method – Method of Moving Average.
Apply Price to – Apply price to Moving Average.
Period of Slope Detection-Number of candles to calculate the slope of Moving Average.
Simple Line: Use the first candle and the last candle of “Slope Detection Period” to calculate the MA slope.
Regression Line: Use MA values of all the candles of “Slope Detection Period” to calculate the MA slope.
Show Angle or Slope
Angle: Show angle between the horizontal line and MA line.
Slope: Show slope between the horizontal line and MA line.
Growing Color: Color of growing Angle/Slope bars.
Shrinking Color: Color of shrinking Angle/Slope bars.
Send Alert: Play sound and send message to inform about turning MA slope from growing to shrinking and vice versa.
Send Notification: Send push notification to phone to inform about turning MA slope from growing to shrinking and vice versa.
Send Email: Send email to inform about turning MA slope from growing to shrinking and vice versa.
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)