This indicator tries to identify ranging and trending markets. It measures the angle of a Moving Average in order to filter out ranging markets. The idea is to only enter a trend following trade if the slope is steep enough. In order to create this indicator, I used a strategy script from bennef called "Trend Angle BF" and slightly modified it to transform it...
A script to draw Price Angles and Time Levels given Cycle start point, Cycle space (size), Cycle type ( Bullish / Bearish ), Cycle shape, Time levels space, Time levels count Makes it easier for you to find where a cycle could end All shapes are included (Circular, Straight Line, Triangular, Square, Pentagon, Hexagon, Heptagon, Octagon, Nonagon, Decagon)...
An indicator to draw price angles, given the cycle start point, cycle type (bullish / bearish) , space and shape. It can help you to determine where a cycle gonna end
EXPERIMENTAL: Returns a smoothed non lagging(peaks are convergent time wise) angular motion.