PROTECTED SOURCE SCRIPT
Trend Angle Indicator [Iridio Capital]
Overview
The Trend Angle Indicator provides a clear and intuitive way to visualize market trends by calculating the inclination (in degrees) of a linear regression line over a set number of bars. Instead of relying on traditional trend indicators that can be difficult to interpret, this tool offers a straightforward angular representation of price movement, making it easy to gauge the strength and direction of a trend at a glance.
How It Works
Linear regression is a statistical method used to model the relationship between variables—in this case, price movement over time. It finds the best-fit line that minimizes deviations from actual price values, allowing us to determine the trend's slope. By converting this slope into degrees, the indicator provides a natural and intuitive way to assess market conditions:
Key Features & Strengths
✅ Intuitive Trend Visualization – Instead of arbitrary values, the indicator expresses the trend in degrees, making it easy to understand how steep the market is moving.
✅ Identifies Consolidation & Strong Trends – The indicator highlights periods of market consolidation (when the angle stays between the green and red horizontal lines) and strong bullish or bearish trends when breaking above or below these thresholds.
✅ Color Highlighting for Trend Strength – Areas above +25° (strong uptrend) and below -25° (strong downtrend) are shaded, allowing for instant recognition of strong moves.
✅ Works on Any Timeframe & Asset – Whether trading stocks, forex, crypto, or futures, this tool helps detect meaningful trends across different markets.
How to Use It
The Trend Angle Indicator provides a clear and intuitive way to visualize market trends by calculating the inclination (in degrees) of a linear regression line over a set number of bars. Instead of relying on traditional trend indicators that can be difficult to interpret, this tool offers a straightforward angular representation of price movement, making it easy to gauge the strength and direction of a trend at a glance.
How It Works
Linear regression is a statistical method used to model the relationship between variables—in this case, price movement over time. It finds the best-fit line that minimizes deviations from actual price values, allowing us to determine the trend's slope. By converting this slope into degrees, the indicator provides a natural and intuitive way to assess market conditions:
- 0° → Sideways market (no clear trend)
- +25° to +360° → Uptrend (higher inclination means stronger trend)
- -25° to -360° → Downtrend (steeper negative angles indicate a stronger decline)
Key Features & Strengths
✅ Intuitive Trend Visualization – Instead of arbitrary values, the indicator expresses the trend in degrees, making it easy to understand how steep the market is moving.
✅ Identifies Consolidation & Strong Trends – The indicator highlights periods of market consolidation (when the angle stays between the green and red horizontal lines) and strong bullish or bearish trends when breaking above or below these thresholds.
✅ Color Highlighting for Trend Strength – Areas above +25° (strong uptrend) and below -25° (strong downtrend) are shaded, allowing for instant recognition of strong moves.
✅ Works on Any Timeframe & Asset – Whether trading stocks, forex, crypto, or futures, this tool helps detect meaningful trends across different markets.
How to Use It
- Look at the trend angle line:
- If it stays between +25° and -25°, the market is consolidating.
- If it breaks above +25°, an uptrend is strengthening.
- If it drops below -25°, a strong downtrend is forming.
- Use the highlighted regions to confirm strong market momentum.
- Combine it with other indicators (e.g., volume, moving averages) for additional confirmation.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.