The angle is calculated using an ATR-normalized arctangent formula over a user-defined lookback period. Green indicates an upward slope, while red represents a downward slope. Traders can switch between EMA and SMA types, customize period lengths, and configure alert conditions for bullish or bearish trend directional shifts directly on the main price chart.
ATR-normalized slope angle calculation
EMA and SMA toggle option
Dynamic line coloring based on moving average direction
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Angle Period
int
2
i_lookback
ATR Period
int
10
i_atrPeriod
Angle Level
int
6
i_angleLevel
Length
int
21
len
Source
source
close
src
Use EMA? (Off=SMA)
bool
true
type
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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