• Tue. Jun 8th, 2021

DadForex

All about Forex trading

Indicator MA Angle: a Good Filter for Trend Trading Strategies

Jun 8, 2021

The MA Angle trend indicator allows you to recognize the current trend and can be used as a filter in Forex trending strategies.

MA Angle MT4 indicator

The MA Angle indicator is based on a moving average. The indicator calculates the slope of the moving average to the horizontal line on each candlestick on the chart and, based on this, makes a conclusion about the current trend.

The MA Angle indicator is a histogram, the color of the bars of which depends on the current trend:

  • Red bars – downtrend;
  • Green bars – uptrend;
  • The yellow bars mean flat.

MA Angle Forex indicator can be used as a filter in trend trading strategies or as a signal to enter the market: when you see a green or red bar appear after a yellow one, you may respectively open a buy or a sell order.

Features of MA Angle MT4 indicator

  • Platform: Metatrader 4
  • Ability to change settings: Yes
  • Timeframe: any from 1 Minute to Daily
  • Currency pairs: any

In MA_Angle.zip file you will find:

  • MA_Angle.ex4

Download MA Angle MT4 indicator for free: