this indicator gives you the angles of different moving averages this can give an indication of the momentum of a move increasing or decreasing you can also set a threshold for a minimum angle to filter out "no trade" zones
JD. #NotTradingAdvice #DYOR
I build these indicators for myself and provide them open source, to use for free to use and improve upon, as I believe the best way to learn is toghether.
question on the angle calc.. i am assuming u used the atr(14) as a means of normalizing the delta (change in src)
... and if that's the case, the same effect might have been had by normalizing the price before taking the difference?
.. why do u think this wouldn't work with just raw price changes?
Duyck
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@JohnBaron, It's just to be useable for different assets.
eg. crypto moves 10's or 100's of procents more than Forex.
Before I added the normalisation, I had to change the settings for every asset.
Otherwise you either get very low values for FX if you set it for Crypto
or get maximum angle up or down all the time if you qset it for FX and use it for Crypto.
sid_and_trading
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good job, I like the normalization element of your angle logic. Very simple, yet powerful. I assume it works across different asset prices and/or other asset attributes. For example, asset's volume values and/or other such values etc.