Moving Average Exponential Angle Detection

The Moving Average Exponential Angle Detection indicator quantifies the slope of a moving average in degrees to help traders identify trend momentum and potential entry points based on specific angular thresholds.

Usage

The Usage section describes how the script can be used to identify trend strength and direction. Users can monitor the real-time slope of various moving average types to determine if a market is trending aggressively or consolidating.

• Trend Identification: When the displayed angle is high (e.g., above 30°), it indicates strong bullish momentum. Conversely, a low negative angle (e.g., below -30°) indicates strong bearish momentum.
• Signal Execution: By enabling signals in the settings, the indicator will plot shapes on the chart when the moving average reaches a user-defined angle. For example, if the "Define Angle" is set to 30, the script will look for instances where the slope is between 30° and 40° while the price action confirms the direction.
• Visual Monitoring: The tool provides labels on the chart that display the exact degree of the slope at each bar, allowing for precise technical analysis of price velocity.

Details

The Moving Average Exponential Angle Detection tool calculates the rate of change between the current moving average value and its previous value. This difference is processed using a tangent function and converted from radians to degrees to provide a readable slope measurement.

The script includes logic to filter signals based on candle polarity. A long signal requires the angle to meet the threshold and the current candle to be bullish (close > open). A short signal requires a negative angle threshold and a bearish candle (close < open). This ensures that signals are only generated when price action aligns with the moving average's trajectory. The original logic was developed by @LossTronaut and has been refactored for optimized performance and visual clarity.

Settings

Angles

• Display Angles on Chart: Toggles the visibility of the numerical degree labels attached to the moving average line.
• Display Signals Based on Defined Angle: Enables or disables the plotting of bullish and bearish arrow signals.
• Define Angle (Degree): Sets the target threshold for signal generation. Positive values are used for bullish detection, while negative values are used for bearish detection.

Moving Average

• Moving Average Length: Determines the number of bars used to calculate the moving average.
• Moving Average Type: Allows the user to select the underlying calculation method. Options include Exponential Moving Average (EMA), Simple Moving Average (SMA), Hull Moving Average (HMA), Weighted Moving Average (WMA), and Running Moving Average (RMA).

FAQ

What does a high degree angle indicate? A high positive or negative degree indicates a steep slope, signifying strong market momentum. Angles closer to 0° suggest a flattening trend or a range-bound market.

Can I use different types of moving averages? Yes, the indicator supports five different types: EMA, SMA, HMA, WMA, and RMA. Changing the type will affect the sensitivity and the resulting angle calculation.

How do I access the Moving Average Exponential Angle Detection? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.