OPEN-SOURCE SCRIPT
Moving Average Slope to determine market direction
Moving Average Slope is a straightforward but also a handy indicator.
By inserting this moving average, it is possible to glance at the direction of the trend.
When the moving average has an increasing angle, it will turn green; vice versa, it will be colored red.
It is a trend indicator; I recommend leaving the period at 20 because it includes the last four trading weeks.
If you found this indicator useful, please like it
By inserting this moving average, it is possible to glance at the direction of the trend.
When the moving average has an increasing angle, it will turn green; vice versa, it will be colored red.
It is a trend indicator; I recommend leaving the period at 20 because it includes the last four trading weeks.
If you found this indicator useful, please like it
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LukkVal
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