Trend Slope Meter - Kaspricci

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.
  

Sürüm Notları:

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.