Moving Average Angle (Stochastic)

This is a stochastic type representation of the moving average angle. This means that an ascending value will represent a stronger trend while descending value will represent a weakening trend leading to consolidation.

The indicator is color coded meaning the color will represent the direction of the trend (green = bullish; red = bearish and blue = consolidation). There is also an customizable Angle Threshold that can be set to help identify the consolidation zone, meaning if the value crosses below this value it could indicate possible consolidation.

Furthermore there is a signal line (black) that draws a slightly faster version of the angle line providing early signals and leading trend direction.

The customizable input parameters is as follow:

Moving Average Period
Angle Threshold
Sample Period (period used to calculate the signal line)

*Download and import the ITF file for all input parameters

//Calculate angle of MA

//MAPeriod = 40
//SamplePeriod = 5
//AngleThreshold = 45

MA = average[MAPeriod](close)
MAAngle = (sin(atan((MA-MA[1])/MA[1]*100)))*1000//R2[MAPeriod](close)*100

AverageAngle = Average[SamplePeriod](MAAngle)
AverageAngle2 = Average[round(SamplePeriod/2)](MAAngle)

If AverageAngle > AngleThreshold Then
R = 0
G = 255
B = 0
ElsIf AverageAngle < (AngleThreshold*-1) Then
R = 255
G = 0
B = 0
Else
R = 0
G = 0
B = 255
EndIf

AverageAngleD = abs(AverageAngle)
AverageAngle2D = abs(AverageAngle2)

Return AverageAngleD coloured(R,G,B) style(Line,2) as "AverageAngle", AverageAngle2D as "AverageAngle2", AngleThreshold

//Calculate angle of MA

//MAPeriod = 40

//SamplePeriod = 5

//AngleThreshold = 45

MA = average[MAPeriod](close)

MAAngle = (sin(atan((MA-MA[1])/MA[1]*100)))*1000//R2[MAPeriod](close)*100

AverageAngle = Average[SamplePeriod](MAAngle)

AverageAngle2 = Average[round(SamplePeriod/2)](MAAngle)

If AverageAngle > AngleThreshold Then

R = 0

G = 255

B = 0

ElsIf AverageAngle < (AngleThreshold*-1) Then

R = 255

G = 0

B = 0

Else

R = 0

G = 0

B = 255

EndIf

AverageAngleD = abs(AverageAngle)

AverageAngle2D = abs(AverageAngle2)

Return AverageAngleD coloured(R,G,B) style(Line,2) as "AverageAngle", AverageAngle2D as "AverageAngle2", AngleThreshold

moving average stochastic trend

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments :

Filename : download the ITF files

How to import ITF files into ProRealTime platform?

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verdi55 Is there such a thing as a free lunch ?

maceng Thanks Nicolas for this great work! I would like to understand the math behind it in order t...

Nicolas Sorry I have no time to provide assistance for python programmers. Have a good day.

Maz Hi all, firstly happy to know that this is helping you. I look into updating it for PRT11 wh...

Nicolas just use 3 times a linear regression channel code you will find in the library.

leederbyshire Here's the link to alternative linear regression channel indicator Nicolas is referring to t...

Wing Yes, investigate as much as you want. For more insight, you can view the linet1, linet2 etc....

CKW Hi Wing, Thanks for your sharing. I am still trying to breakdown & understand your code...

Wing Hello CKW. No, the parameter, 7 in this case, is used when calling the RSI indicator to ide...

Sofitech Ce code n'est valable que sur la V10.3 ? sur le 10.2 il y a une erreur de syntaxe dans le fi...

Nicolas Oui en effet, c'est un indicateur "10.3" à cause uniquement de la mise en forme des courbes ...

Nicolas En effet, c'est le cas si on copie/colle le code. Ces 2 variables sont inscrites en externes...

Salocin Hello Nicolas, my french is not that well. It occurs an error which can not be solved by cop...

Nicolas Just download the ITF file and import it into your platform, follow these easy steps: https:...

Nicolas Je vais faire l'indicateur et expliquer comment en même temps dans un sujet de forum. Plus s...

gregus merci nicolas toute ma gratitude est pour toi sa sera bien pratique car je pense ne pas etre...

Nicolas Ok merci donc d'ouvrir un sujet spécifique pour cette demande donc :)

Nicolas You'll need to preload bars to get the good calculations of you indicators. I did not test i...

David Nicolas I tried DEFPARAM Preloadbars = 5000 And still the same drawn output of entries/exit...

marcara Hi, Thank you very much for the Moving Average Daily indicator, I am using it as indicator i...

algotrader This indicator looks coolBut on attempt to use it for a strategy dev'I get an error.."The in...

dajvop @algotrader if you at the bottom of the code add: RETURN Buffer1 as "up", Buffer2 as "down",...

Bateson Si cela peut servir, l'indicateur Sadukey a été créé en utilisant un générateur de filtre ap...

Nicolas Je l'ai converti depuis un code pinescript. De mémoire il s'agit bien d'une variation d'une ...

Captain_Walker @Nicolas, I've copied your code into PRT indicator panel to create it. When I attempt to sav...

Nicolas Download the itf file and import it.

Nicolas Please post any question on forums, thanks.

Lavallette Bonjour Nicolas. J'utilise la version 11 et moi aussi j'ai une ligne horizontale malgré l'a...

Nicolas il faut modifier la ligne 20 avec: if adaptive=1 and averagePeriod > 1 and barindex>(...

GraHal Forked code I mention above is here ... GraHal wrote: So below is the PRC Stochastic RSI v...

GraHal Try again (quite limited what you can do as Comments in the Library) https://www.prorealco...

AutoFlanders Thanks GraHal, that's what i was looking for

dakaodo Hi, Wilko. Acc to the original FRAMA paper by Ehlers, Ehler's own code only takes inputs for...

dakaodo For reference, here is Ehlers' original paper: http://www.mesasoftware.com/papers/FRAMA.p...

dakaodo Here is the code with only SC included, per ETFHQ. pri=customclose //len>=4, even on...

Etienne Hi, I'm quite late in this thread. I'd just like to propose an enhancement because this in...

Nicolas Thanks Etienne.

Bard Hi Nicolas, I wanted to make this scaled indicator above between -1 and +1 instead of 0 to +...

Nicolas The code is correct, don't know if the label and color are the same as other trading softwar...

peppe novellino Hi Nicolas, the settings of the alligators are not editable. How can I change it? Thanks in ...

pabo_swe I got very bad performance with this script, it was slow... it seems like if one breaks out ...

Madrosat Bonjour Nicolas Je souhaiterais faire colorier le fond du graphique supérieur en vert lorsq...

Nicolas Merci d'ouvrir un sujet dans le forum approprié.

Nwab Hello Mr Nicolas.. Please how can I set this up as an indicator to work on mt5. Your guidan...

Arnaud HALVICK Great indicator, thank you!

JMat45 Hi Nicolas, just reviewing this indicator and noticed that you have double assigned the vari...

Nicolas That would not make any difference because the code is read from top to bottom.

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