The Trend Angle Indicator calculates the inclination (in degrees) of a linear regression line over a specified number of bars to visualize market trends. By converting the slope of price movement into an angular value, it provides an intuitive way to assess trend strength and direction. A 0° angle indicates a sideways market with no clear trend, angles between +25° and +60° signal an uptrend with increasing strength, and angles between -25° and -60° indicate a downtrend with stronger declines.
Key features include:
- Intuitive visualization of trend steepness expressed in degrees.
- Identification of market consolidation when the angle remains between +25° and -25°, and detection of strong bullish or bearish trends when breaking these thresholds.
- Color highlighting for quick recognition of strong uptrends (above +25°) and downtrends (below -25°).
- Compatibility with any timeframe and asset class, including stocks, forex, cryptocurrencies, and futures.
Users can monitor the trend angle line to determine market conditions, confirm momentum using highlighted regions, and combine this indicator with others such as volume or moving averages for enhanced analysis.