Trend by Angle Indicator for MetaTrader 5 – Free Download [TradingFinder]

The Trend by Angle Indicator in MetaTrader 5 is a specialized tool for identifying market trends. By drawing angles and slopes aligned with price movement, it accurately displays bullish or bearish conditions.

In this indicator, blue represents an uptrend and red indicates a downtrend; this color distinction displays the market trend direction.

Trend by Angle Indicator Table

The table below presents the specifications of the Trend by Angle trading indicator in the MetaTrader 5 platform.

Trend by Angle Indicator at a Glance

The Trend by Angle Indicator is a trend analysis tool that clearly shows market direction by drawing angled lines. The dynamic angles of this trading tool are calculated based on price and time changes; however, the visual display of the angles depends on the chart scaling in MetaTrader 5 (Zoom in/Zoom out).

Additionally, resizing the price and time axes can alter the slope of the lines in the chart's appearance.

Indicator in Bullish Trend

The price chart below shows the GBP/JPY currency pair on the 1-hour timeframe. In this indicator, the appearance of a blue angle indicates the market’s inclination toward an uptrend; in this situation, the formation of a price channel within the indicator area is first examined.

If the price reacts upon returning to the angle level and a bullish candlestick closes, a valid signal for entering a buy trade will be created.

Indicator in Bearish Trend

The price chart below shows the global gold ounce on the 4-hour timeframe. With the price positioned in a downtrend, the Trend by Angle Indicator displays a red angle.

The inability of the price to break through the angle level upon return illustrates the continuation of the bearish trend; in this case, the closing of a bearish candlestick can provide a suitable signal for entering a sell trade.

Trend by Angle Indicator Settings

The settings panel of the Trend by Angle Indicator in the MetaTrader 5 platform is shown in the image below:

• Cycle: Trend calculation period.

Conclusion

The Trend by Angle Indicator is a technical analysis tool that identifies market trends by accurately showing the main direction of price movement through dynamic angles.

The use of blue for uptrends and red for downtrends allows traders to quickly identify market direction. With real-time line updates, this indicator reduces lagging signals and strengthens the reliability of analysis.