MAAngleTony
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This tool is designed to provide visual clarity on market trends by analyzing the specific "tilt" or angle of a Moving Average. Rather than just showing you where the price has been, this indicator interprets the momentum and strength of the current trend based on how sharply the average is shifting.
How It Works
The logic operates by comparing the current value of a Moving Average against its previous value to determine the direction and velocity of the market. It essentially measures the "slope" of the line in real-time.
Key Components of the Logic:
- Trend Identification: The tool looks at the difference between two consecutive points on a Moving Average. If the shift is positive and exceeds a specific minimum threshold, it identifies an upward trend. Conversely, if the shift is negative and exceeds that same threshold, it identifies a downward trend.
- Momentum Filtering: By using a "Minimum Angle" setting, the script filters out minor market noise or "flat" price action. This ensures that only significant movements are highlighted, helping to separate true trends from sideways consolidation.
- Visual Representation: The data is translated into a visual histogram:
- Upward Momentum: Represented by one color (Lime Green), indicating a confirmed move up.
- Downward Momentum: Represented by another color (Fire Brick), indicating a confirmed move down.
- Neutral Zone: When the movement is too slight to meet the minimum angle requirements, it is marked with a third color (Yellow), indicating a lack of clear direction or a period of equilibrium.
Summary for Traders
This indicator acts as a momentum filter. It tells you not just which way the price is going, but how aggressively it is moving in that direction. By focusing on the "angle" of the trend, it helps traders identify when a move has significant strength and when the market is simply drifting without clear intent.
Indicators Used
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MAAngleTony
//+------------------------------------------------------------------+
//| |
//| Copyright © 1999-2008, MetaQuotes Software Corp. |
//| http://www.metaquotes.ru |
//+------------------------------------------------------------------+
#property copyright "jpkfox"
#property link "http://www.strategybuilderfx.com/forums/showthread.php?t=15274&page=1&pp=8"
//---- indicator settings
#property indicator_separate_window
#property indicator_buffers 3
//----
#property indicator_color1 LimeGreen
#property indicator_color2 FireBrick
#property indicator_color3 Yellow
//---- indicator parameters
extern int MAMode=1;
extern int MAPeriod=34;
extern int Price=0;
extern double AngleMin=0.0020;
//---- indicator buffers
double UpBuffer[];
double DownBuffer[];
double ZeroBuffer[];
double Angle;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- 2 additional buffers are used for counting.
IndicatorBuffers(3);
//---- drawing settings
SetIndexStyle(0,DRAW_HISTOGRAM,STYLE_SOLID,4);
SetIndexStyle(1,DRAW_HISTOGRAM,STYLE_SOLID,4);
SetIndexStyle(2,DRAW_HISTOGRAM,STYLE_SOLID,4);
IndicatorDigits(MarketInfo(Symbol(),MODE_DIGITS)+2);
//---- 3 indicator buffers mapping
if(!SetIndexBuffer(0,UpBuffer) &&
!SetIndexBuffer(1,DownBuffer) &&
!SetIndexBuffer(2,ZeroBuffer))
Print("cannot set indicator buffers!");
//---- name for DataWindow and indicator subwindow label
//IndicatorShortName("MAAngle("+MAPeriod+","+AngleTreshold+","+StartMAShift+","+EndMAShift+")");
IndicatorShortName("MAAngle");
//---- initialization done
return(0);
}
//+------------------------------------------------------------------+
//| The angle for EMA |
//+------------------------------------------------------------------+
int start()
{
double fEndMA, fStartMA;
double fAngle, mFactor, dFactor;
int nLimit, i;
int nCountedBars;
double angle;
int ShiftDif;
string Sym;
if (MAMode>=4) MAMode=0;
nCountedBars=IndicatorCounted();
//---- check for possible errors
if(nCountedBars<0)
return(-1);
//---- last counted bar will be recounted
if(nCountedBars>0)
nCountedBars--;
nLimit=Bars-nCountedBars;
dFactor=2*3.14159/180.0;
mFactor=10000.0;
Sym=StringSubstr(Symbol(),3,3);
//---- main loop
for(i=0; i<nLimit; i++)
{
DownBuffer[i]=0.0;
UpBuffer[i]=0.0;
ZeroBuffer[i]=0.0;
//----
Angle=iMA(NULL,0,MAPeriod,0,MAMode,Price,i)-iMA(NULL,0,MAPeriod,0,MAMode,Price,i+1);
if(Angle>AngleMin)
UpBuffer[i]=1;
else if (Angle<-AngleMin)
DownBuffer[i]=-1;
else ZeroBuffer[i]=0.5;
}
//----
return(0);
}
//+------------------------------------------------------------------+
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