EMAAngleZero is a filter to keep out of sideways markets when there is no trend. It uses EMA 34 with an angle threshold of .2 to .33 to detect a sideways market. As explained in the comments found in the indicator, when the angle is near zero do not trade.
The angles are measured in Radians where 1 radian is about 57 degrees. So .33 is about 19 degrees and .2 is about 11 degrees.

These values are parameters to the expert so can be changed. This includes the 3 period values for LSMA as well as the period for EMAAngleZero and the threshold.

Attached Files

EmaAngleZero.mq4 (5.0 KB, 1021 views)

Great Indicator

Thank you

I understand the basics on how it works, is it possible to program it right into another EA and make it part of that EA code , instead of having it work like an indicator ??
George T

can someone please program an alert so that a sound plays when bars change from yellow to green or fro yellow to red??????

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Very good idea, which slope do you use to determine whether its a good entry or not, and what TF?

I donot know if this thread is still alive.

I have not seen this version in a while.

Here is a new version with alert. It can use any MA including LSMA as well as any price mode.

I also have several EAs with the code written in the EA without needing to use the indicator.

Robert

Attached Files

MA_Angle_Alert.mq4 (8.6 KB, 438 views)

thanks for the update

@MrPip

To clerify.... to get the °degree from the angle of the *MA I have to multiply the value from your indicator with 57?!

This is not really the angle, just an attempt to simulate the angle. It is the ratio between rise(price) and run(Number of Candles) also called Tangent of the angle. The original code used a factor to get a larger value because the run is usually a value from 2 to 6 while the rise might be much larger, especially on daily chart GBPUSD where 6 days can have a movement of 1000 pips. The resulting tangent would be 6/1000, a very small angle.

The indicator shows when the "angle" is increasing, decreasing or so small that the trend is flat.

Robert