MA Angle Trend Indicator: Filter for Trend Trading Strategies
MA Angle trend indicator is based on moving average. The indicator calculates the angle of slope of the moving average to the horizontal line on each candle in the chart and on this basis draws conclusions about the current trend.
The MA Angle indicator is a histogram, the color of its bars depends on the current trend:
- Columns of red color - a downtrend;
- Green bars are an uptrend;
- Columns of red color - a flat.
According to the experts of fortrader.org magazine, the MA Angle indicator can be used as a filter in trend trading strategies. The efficiency of the indicator will increase if add the MTF function to it.
Other trend indicators
and how do I add the MTF function to it if it's not there?