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Moving average angle
Part of the PPA indicator set
This interesting little indicator has a very simple job and that is to quickly show the angle of the configured moving average. And because it is trend direction neutral it simply gauges whether the trend is increasing or decreasing. And as we know in order for any trend to come to an end it needs to decrease in angle while for it to continue it needs to increase in angle. This makes it very useful to pick up divergences and peaks
Description
It has two lines; the thicker line is the calculated angle of the specified moving average while the thinner line is a fast average of the thicker line providing a glimpse into the developing trend direction.
How can the indicator be used?
Find better entries & exits
Determine trend strength
Input to your manual trading
Input to your automatic system
Juan Jacobs
Developer
(FX Automate)
With a BSc in Business Information Technology, Juan traded a 7-year career as a Systems Analyst for full-time trading. Through logic and methodology, Juan's created numerous successful trading systems and indicators. His contributions to ProRealTime are a testament to his expertise, making him a respected figure in the community.
Release date
Sept 2023
Market
Which ever
Moving average angle settings
