Probably a simple indicator request

[jstirrell]

Could anyone make an indicator which plots the angle in degrees of a SMA as a historgram?
Thanks!

[Tantalus]

This is certainly possible, but it depends on how you want to scale the price axis. For instance, if you use a scale where 1 pip = 1 bar, you would see that the 'angle' calculated would be the same regardless of how the chart was scaled in terms of the display, but the line on the chart would appear to be changing as the display is re-scaled. Also, the results of the angle calculation would be very different for different timeframes.

If anyone is still interested in this, I can make a first cut at it.

B-

[forexboy]

Sounds a good idea but I can not see the idea behind about it.

[Tantalus]

It would be essentially a slope indicator, but scaled in degree angles instead of pips/bar as is usual. Useful from the standpoint of indicating when market momentum seems to be shifting, but the degree scaling is questionable, I agree.

B-

[Toby]

It would be essentially a slope indicator, but scaled in degree angles instead of pips/bar as is usual. Useful from the standpoint of indicating when market momentum seems to be shifting, but the degree scaling is questionable, I agree.

B-

I am wondering what it would take to get the attached MT4 slope indicator converted to FT2. It is a histogram representation of the slope of moving averages.

Thanks!

[Stonev]

Hello Toby,
i can help.
details in PM.

Alexey