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Moving Average Slope [aamonkey]

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This indicator tries to identify ranging and trending markets.

It measures the angle of a Moving Average in order to filter out ranging markets.

The idea is to only enter a trend following trade if the slope is steep enough.


In order to create this indicator, I used a strategy script from bennef called "Trend Angle BF" and slightly modified it to transform it from an entry/exit indicator to a filter.

The calculations are based on Evergrets "Jurik MA" and angle calculation by KyJ.
Nota Keluaran
Thx to ahancock I removed redundant code
Nota Keluaran
Updated picture

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.