This indicator calculates the angle between the latest bar and it’s x previous bar, if the angle was higher or lower than your defined angle then the indicator will plot an up or down bar on its histogram.
You can use this indicator to find the market trend direction and ride it as long as it continues, the higher the angle the stronger will be the trend and it will have more momentum.
Trend Angle is a multi-timeframe indicator so you can use it as a filter for higher time frame trend direction too.
Features
- Shows the market condition
- Multi-timeframe
- Filters the noise by showing not trending condition as neutral
John Snow –
Why does this indicator require unlimited access rights when installing? What functionality are you implementing that it needs to have access to my computer’s file system, registry, and everything else with the unlimited access?
Thank you.
Ahmad Noman Musleh –
It uses our custom library for calculating the angle, that’s why we have set the access right to unlimited and it was not free so for saving its trial and licensing data it was required to have access to the registry and internet.