MA slope presents the slope of a Moving Average line. The indicator displays a colored Moving Average, the color of which depends on the point value of the MA slope between two key points of the Moving Average.
It has five input parameters:
Period – calculation period
Method – calculation method
Applied price – price used for calculations
Slope – the threshold slope value in points, after which the MA color changes
Slope length – shift in bars of the first key point from the current bar, used to determine the slope value (difference between these points)
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