TSO Moving Average Slope

The Moving Average Slope (MAS) subtracts the moving average level n-periods ago from the current moving average level. This way, the trend of the moving average can be drawn on the moving average line.

Features

• Observe uptrends and downtrends at a glance.
• The indicator is non-repainting.
• Returns buffer values for the trend of the moving average to be used as part of an EA. (see below)

Inputs

• Moving Average Period: The period of the moving average (MA).
• Slope Period: Number of periods between the current MA level and the previous MA level.
• Include Last Bar: Include the bar being drawn in the MA calculation.
• UpTrend: Positive trend colour.
• DownTrend: Negative trend colour.
• NonTrend: No trend colour.

For EA Developers

The indicator can be easily used as part of an EA. Buffer for trend type = 3.

• Buffer value = 0: uptrend
• Buffer value = 1: downtrend
• Buffer value = 2: no trend