Slope of EMA

The goal of this indicator is to determine if the asset is in a downtrend or uptrend. To determine an up- or downtrend the slope of the Exponential Moving Average (EMA) is calculated.

Inputs for the slope calculation:
- EMA Length
- Number of candles

Using a longer EMA length or a higher number of candles is generally appropriate for identify longer term trends. The shorter the EMA length and number of candles, the faster the indicator responds.

A positive slope indicates an uptrend and a negative slope a downtrend.