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Moving Average Angle (Stochastic)
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=73095
Forum: 17 · Topic 73095 · 1 post(s)
Moving Average Angle (Stochastic)
Apprentice · Sun Jan 01, 2023 6:05 am
Based on the request. https://www.prorealcode.com/prorealtime … tochastic/
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)