angle and speed
Info
The angle and speed is a Indicator for MetaTrader 5 that inspired by thethe indicator calculates the angle between the trend line and the horizontal. on the x axis - minute bars are taken, regardless of the timeframe, on the y axis - points.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use angle and speed
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
inspired by thethe indicator calculates the angle between the trend line and the horizontal.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: JFATLSPEED: Early Trend Detection Indicator - another powerful indicator for MetaTrader 5 traders.
inspired by the
the indicator calculates the angle between the trend line and the horizontal. on the x axis - minute bars are taken, regardless of the timeframe, on the y axis - points.
Also recommended: JFATL Speed Indicator - similar indicator with strong performance on MetaTrader 5.
please note that local minima or maxima on the lower timeframes may not coincide with the beginning of the bar on the higher tfs.because of this, the indicator values may not differ significantly on different tfs.
the second variant of the indicator calculates the average rate of price change - pips/minute.
how to use this indicator? i don't know. imho, absolutely useless thing.
i added a basement. however, the same useless.
You may also like: Average Speed Indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
яю//+------------------------------------------------------------------+
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.02"
#property description "Educational code - RobotFX www.robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#property indicator_separate_window.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.