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Angle of Moving Averages

This indicator is very simple yet powerful concept which constantly calculate the slope of the current bar moving average with respect to the N bar before moving average value. This no only give a good entry and exit signal but also it shows traders the strength of the signal. It shows positive green histogram when market is moving toward upward direction and red histograms for downtrend. When large histograms found means market has very strong trend.

Inputs Available

MA Method

ID	Value	Description
MODE_SMA	0	Simple averaging
MODE_EMA	1	Exponential averaging
MODE_SMMA	2	Smoothed averaging
MODE_LWMA	3	Linear-weighted averaging

MA Period
MA Shift
MA Price Type

ID	Description
PRICE_CLOSE	Close price
PRICE_OPEN	Open price
PRICE_HIGH	The maximum price for the period
PRICE_LOW	The minimum price for the period
PRICE_MEDIAN	Median price, (high + low)/2
PRICE_TYPICAL	Typical price, (high + low + close)/3
PRICE_WEIGHTED	Average price, (high + low + close + close)/4