OPEN-SOURCE SCRIPT
Updated Trend Angle BF
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!
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 creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.