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Trend Slope Meter - Kaspricci

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Trend Slope Meter
This indicator measures the slope of the trend defined by a moving average or an external source. The slope is calculated by the change of price in ticks for a defined number of bars divided by the number of bars.

Settings
  • Source - Default: close price. Used to calculate the moving average as basis for slope measurement. Can be an external source of a different indicator as well. In case you select an external source, you can disable the moving average calculation.
    Moving Average Settings
  • Type - Default: EMA. Type of moving average calculation. All provided out of the box by TradingView.
  • Length - Default: 50. Length used to calculate moving average.
    Slope Settings
  • Length - Default: 50. Length used to calculate slope.
Notes de version
Update of chart only. For better illustration I used the default EMA provided by Trading View and applied the Trend Slope Meter for this plot.

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