Price Trend Angle and Average Rate of Change Indicators
Summary
This brief indicator description presents two ways to express price movement. The first estimates the angle of a trend line against the horizontal, using minute bars along the time axis and price points along the vertical axis. The second reports the average rate of price change in pips per minute. These measures offer alternate descriptions of trend steepness and speed, rather than a tested trading system or entry rule.
The description warns that local highs and lows on lower timeframes may not align with the start of bars on higher timeframes, so readings can vary little across chart intervals. It gives no formula details, parameter guidance, examples, or performance evidence, and the author questions the indicators’ practical value. Traders would need to define the trend measurement and test whether either measure adds information beyond simpler price-change calculations before using it in decisions.
Key ideas
- One indicator expresses trend-line steepness as an angle using time and price axes.
- A second indicator reports average price change in pips per minute.
- Lower-timeframe turning points may not align with higher-timeframe bar boundaries.
- The description provides no trading rules or empirical evidence of usefulness.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.