Keenbase Trading » Products » Metatrader Indicators » KT Trend Angle indicator

KT Trend Angle Indicator
MT4/MT5 [Free Download]

Description

The KT Trend Angle indicator helps to identify ranging and trending markets. The idea is to only enter a trade following the market trend if the slope is steep enough.

An angle is the ratio of the number of bars to the number of points:

The bars mean the time offered by standard (M1, M5, etc.) and non-standard time frames.
Points represent the unit of price measurement with an accuracy of 4 or 5 decimal places.

For MT4 or MT5, download the free KT Trend Angle indicator, install the file in the platform's Indicators folder, and attach it from the Navigator panel. Choose the timeframe and alert settings for your analysis, review the slope against the current trend and price action, and test the indicator on a demo account before using its signals with live capital.

Input Parameters

Period: An integer value to define the intensity of angled trendlines.
Angle Start: The degree of angle of the first trendline.
Angle Increases: The degree of angle to increment for consecutive trendlines.
Support Color: The color and style of the bullish trendlines.
Resistance Color: The color and style of the bearish trendlines.

KT Trend Angle Indicator Formula:

SinFractal = 100*Sin(a) =100*b/c
Based on SinFractal calculation, we can manage to create a series of angled trendlines.

Trading Signals

Buy Signal: A long order can be placed when the price moves and closes above the blue dodger trend line.
Sell Signal: A short order can be placed when the price moves and closes below the red trend line.
Buy Exit Signal: Close all buy orders if the price closes below the blue dodger trend line while a bullish trend continues.
Sell Exit Signal: Close all sell orders if the price closes above the red trend line while a bearish trend is ongoing.

Pro Tip: Scalpers can deploy the Trend Angle Metatrader 5 forex indicator by keeping the value of the MA period low, while long-term traders can adjust to higher values to suit their trading strategy.

During the primary trend, one can look for weak consolidation phases and apply trendlines to those price movements.

The low angle of the trendlines indicates that the consolidation does not have a high chance of turning into an actual bullish reversal.

The sellers keep pushing the price very close to the bottom of the move, the higher lows are very shallow, and the buyers cannot take over the price action.

Therefore, one must wait until the trendline is broken and the downtrend is resumed.

Of course, you won’t always be able to find a trendline, but if you can find one, they can be high probability trade setups.

Applications

Angled trendlines are an effective way of highlighting short-term patterns within a more significant trend.
During technical analysis, traders can use the angled lines to ensure that an asset's underlying trend is in their favor.
Traders can utilize trendlines successfully to identify probable regions of support/resistance, which can aid in determining the chance that the trend will continue.

Limitations:

Although many traders disagree about which prices to use when drawing the trendline, keep in mind that the trendline’s strength grows as more prices test the support/resistance.
The period in the KT Trend Angle indicator must be adjusted often, especially on shorter timeframes.