Trend Angle BF — Strategy by bennef

Thanks to Duyck for the idea for this code, and for the code itself. Also thanks to Everget, KyJ and kiasaki for code used in the calculations.

The indicator measures Moving average angles and generates a long or short signal based on the slope.

The chart used to optimise the current settings is XBT/USD on Bitmex 8hr.

You can change the MA length and stop loss, take profit params in the settings.

Green = long, red = short, white = no trade!

Release Notes:

Changed name to reflect 8hr timeframe. Small updates to code.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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