Trend line angle degree indicator | Forex Factory

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Trend line angle degree indicator

  • #1
  • First Post: May 22, 2013 11:33am May 22, 2013 11:33am
hello frds

anybody know a good indicator to draw trend line BUT that can display the angle deggre of that trend line

not ma angle only trend line angle

THANKS

BROKENGLISH
  • #2
  • May 23, 2013 3:46am May 23, 2013 3:46am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting recidiviste
hello frds anybody know a good indicator to draw trend line BUT that can display the angle deggre of that trend line not ma angle only trend line angle THANKS
You can't define an angle in degree with MT4.

To understand why: just draw a line on your chart with an angle of 45 degree (approximative). Note its 2 coordinates. Then zoom in or out your chart. Notice how the line change its angle ... but the coordinates are still the same.

You can define an angle by pips per candle for example ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • May 23, 2013 4:33am May 23, 2013 4:33am
Quoting recidiviste
hello frds anybody know a good indicator to draw trend line BUT that can display the angle deggre of that trend line not ma angle only trend line angle THANKS
there is a builtin tool in mt4 called "trendline by angle" ..
  • #4
  • May 23, 2013 4:45am May 23, 2013 4:45am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting 200km
{quote} there is a builtin tool in mt4 called "trendline by angle" ..
Yes but the problem is opposite. If you want to zoom, the angle remain exactly like you set it ... but the coordinates are changed.
MT4/MT5 EAs/Indicators/Alerts coder
  • #5
  • May 23, 2013 5:40am May 23, 2013 5:40am
Quoting FerruFx
You can define an angle by pips per candle for example ...
With respect . . . a better word would be gradient, angles apply where the same unit is used on both sides, time and time or price and price, not time and price. pips per candle is OK for a gradient/slope or you could even call it a price velocity, but please not angle
20 pips a day isn't too much to ask . . .
  • #6
  • May 23, 2013 6:27am May 23, 2013 6:27am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting RaptorUK
{quote} With respect . . . a better word would be gradient, angles apply where the same unit is used on both sides, time and time or price and price, not time and price. pips per candle is OK for a gradient/slope or you could even call it a price velocity, but please not angle
Sorry yes you are right. My bad. I should have call it a slope!

Thanks for the correction.
MT4/MT5 EAs/Indicators/Alerts coder
  • #7
  • May 23, 2013 7:28am May 23, 2013 7:28am
Quoting 200km
{quote} there is a builtin tool in mt4 called "trendline by angle" ..
hello

yes i am using it but would like automatic display of the angle as soon as i draw line ....

thanks
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  • #8
  • May 23, 2013 7:29am May 23, 2013 7:29am
Quoting FerruFx
{quote} You can't define an angle in degree with MT4. To understand why: just draw a line on your chart with an angle of 45 degree (approximative). Note its 2 coordinates. Then zoom in or out your chart. Notice how the line change its angle ... but the coordinates are still the same. You can define an angle by pips per candle for example ...
hello FerruFX

thanks for explanation will study that as i dint notice it ...

regards & gd afthernoon
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  • #9
  • May 23, 2013 7:29am May 23, 2013 7:29am
Quoting RaptorUK
{quote} With respect . . . a better word would be gradient, angles apply where the same unit is used on both sides, time and time or price and price, not time and price. pips per candle is OK for a gradient/slope or you could even call it a price velocity, but please not angle

hello RaptorUK

thanks for explanation will study that

have a good day
BROKENGLISH
  • #10
  • May 24, 2013 1:04pm May 24, 2013 1:04pm
you could have '% per hour' as a gradient that would be uniform no matter what timeframe or zoom
  • #11
  • Last Post: May 25, 2013 8:13am May 25, 2013 8:13am
Quoting mlewis
you could have '% per hour' as a gradient that would be uniform no matter what timeframe or zoom
Hello thanks for the advice.

Have a good weekend
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