Need Angle of Moving Average

[glay]

What is the best method to calculate the angle/trend of a moving average? Basically I want to keep my efs from taking longs when the 8EMA is angled downwards. Thx!


Geoff

[ACM]

Geoff
An easy way to do that would be to calculate the slope ie (currentMA/prevMA)-1 and if the slope is greater than 0 the average is rising. Enclosed is a basic example of how you could do it.
Alex

function preMain(){
    setPriceStudy(true);
    setShowCursorLabel(false);
}
 
var Avg = null;
 
function main(){
 
    if(Avg==null) Avg = sma(8);
 
    if(Avg.getValue(-1)==null) return;
 
    var Slope = (Avg.getValue(0)/Avg.getValue(-1))-1;
 
    if(Slope>0) setBarBgColor(Color.lime);
 
    return Avg.getValue(0);
} 

[glay]

Willis

Thats what I'm talking about! Thanks. I'm going to incorporate that in to one of my scripts. This is nice. It allows you to 'wait' for pullbacks for longs..