Angle and Speed - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources
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This indicator calculates the angle between the trend line and the horizontal line. On the X-axis - minute bars, regardless of the time frame, on the Y-axis - points.
Note that the local minimum or maximum on the lower timeframe may not coincide with the starting point of the bar on the higher TF.
Therefore, the indicator values on different TFs may not differ significantly.
The second variant of this indicator calculates the average rate of price changes - points/minute.
How to use this indicator? I have no idea. IMHO, absolutely useless stuff.
I added a basement. However, it was also useless.
Attachment download
📎 anglevspeed.mq5 (12.35 KB)
Source: MQL5 #49985
Angle and Speed - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Angle and Speed - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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