The MA Angle trend indicator allows you to recognize the current trend and can be used as a filter in Forex trending strategies.
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:
Download MA Angle MT4 indicator for free: