Moving Average Slope Heatmap for Trend Direction
Summary
This short description outlines a chart indicator that converts the slope of a selected moving average into a two-state heatmap. It offers simple, exponential, smoothed, and linearly weighted averages, along with configurable display styles and a choice of price inputs. The heatmap is shown in a separate chart window, while a related averages rainbow indicator appears on the main chart.
The core idea is to make whether an average is rising or falling easier to see at a glance. The document does not specify the slope calculation, color-state rules, parameter settings, or how traders might turn the display into entries and exits. It provides no examples of market data, backtests, or evidence that the indicator improves decisions. It is therefore best understood as a visual aid for examining moving-average direction, with its usefulness dependent on configuration and independent testing.
Key ideas
- The indicator displays moving-average slope as a two-state heatmap in a separate chart window.
- It supports simple, exponential, smoothed, and linearly weighted averages.
- Users can configure display styles and choose from multiple price inputs.
- The description gives no trading rules, parameter details, or performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.