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lukescream

Moving Average Slope

lukescream  
Moving Averages Trend Analysis Volatility moving average sma trend
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movingaverage trendanalysis volatility moving average sma trend
A simple calculation and plotting of the slope of a Moving Average.
You'll be amazed looking at how accurate it is signaling early entries and exits from trend follower positions, just by applying some basic TA to it (support, resistance, trend lines).
Have a look:
snapshot

In the settings, you can choose to use it on EMA on SMA, and the length of the MA involved.

I recommend using it on a medium-long sampling MA, to minimize noise.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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