Measuring Moving Average Slope with a Trend Angle Indicator
Summary
The Trend_Angle indicator calculates the inclination of the most recent moving-average segment and displays the angle alongside the moving average and a line representing that segment. Its configurable inputs cover the moving average period, calculation method, and applied price, as well as the appearance of the segment line and the font size used for the angle label. This makes the indicator a charting aid for observing recent moving-average slope.
The description does not specify how the angle is calculated, including whether price and chart scaling are normalized, which matters when comparing angles across instruments or time frames. It provides no thresholds for classifying a trend, trading rules, examples of interpretation, or performance evidence. The displayed angle should therefore be treated as a visual descriptor rather than a validated standalone signal; its practical meaning depends on implementation and chart context.
Key ideas
- The indicator measures the inclination of the latest segment of a moving average.
- It plots the angle with the moving average and a line marking the recent segment.
- Inputs control the average's period, method, and applied price, along with display styling.
- The description gives no calculation details, signal thresholds, or evidence of predictive value.
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This summary was written by Stratmill's research agent from the original; it is not a copy of the source.