Trend by Angle Indicator for MetaTrader 4 – Free Download [TradingFinder]

The Trend by Angle trading indicator in MetaTrader 4 is a practical tool for trend analysis, clearly displaying bullish and bearish market conditions by drawing directional slopes and angles.

This trading tool, utilizing simple yet precise coloring (blue for bullish trends and red for bearish trends), enables traders to quickly identify the dominant price movement direction.

Trend by Angle Indicator Table

The general features of the Trend by Angle Indicator are presented in the table below.

Trend by Angle Indicator at a Glance

The Trend by Angle Indicator displays market direction by drawing angled lines aligned with the trend. These angles are dynamic and are calculated based on price and time data; however, their appearance on the chart depends on the MetaTrader scale (i.e., Zoom in/Zoom out).

The Trend by Angle Indicator synchronizes with market changes in real-time, reducing lagging signals and providing a more accurate trend display.

Indicator in Bullish Trend

The price chart below shows the EUR/CAD currency pair on the 15-minute timeframe. In this indicator, the appearance of a blue angle indicates a market inclination toward a bullish trend. In this case, the formation of a price channel within the indicator range must be examined first.

If the price reacts upon returning to the angle or channel level, and then a bullish candlestick closes, conditions for entering a buy trade will be created.

Indicator in Bearish Trend

The price chart below shows the GBP/CHF currency pair on the 1-hour timeframe. In bearish conditions, the Trend by Angle Indicator identifies the dominant market trend direction by displaying a red angle.

When the price fails to break through the resistance of the angle or channel boundary on a return, the probability of a bearish continuation increases; under such conditions, the closing of a bearish candlestick creates a suitable area for entering sell trades.

Trend by Angle Indicator Settings

The image below shows the settings panel of the Trend by Angle Indicator in the MetaTrader 4 platform:

• Cycle: Trend calculation period.

Conclusion

The Trend by Angle Indicator is a trend detection tool in technical analysis that accurately specifies the dominant market direction by drawing dynamic angles.

This indicator, with blue coloring indicating bullish trends and red indicating bearish trends, enables the quick identification of price movement direction.

Additionally, the real-time update of lines reduces lagging signals and increases analysis reliability.