Trend by Angle Indicator for MetaTrader 4 – Free-[TFlab]

The Trend by Angle Indicator for MetaTrader 4 is a practical trend-analysis tool that identifies bullish and bearish market conditions by plotting directional slopes and dynamic angles on the chart.
This indicator uses a simple and effective color system to clarify market direction:

1. Blue: Bullish trend
2. Red: Bearish trend

By presenting trend direction visually, traders can quickly determine the dominant movement and evaluate potential continuation or reversal scenarios.

You can download it from this link:

https://cdn.tradingfinder.com/file/5...4-by-tflab.zip

You can also access the MetaTrader 5 version of this Indicator through this page:

https://www.metalsmine.com/thread/13...r-metatrader-5

For instructions on how to install:

https://www.forexfactory.com/thread/...-in-metatrader

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Trend by Angle Indicator Specifications

The main characteristics of the Trend by Angle trading tool include:

1. Category
   1. Currency Strength Indicators (MT4)
   2. Trading Assist Indicators (MT4)
   3. Levels Indicators (MT4)

   
   

2. Platform
   1. MetaTrader 4

   
   

3. Skill Level
   1. Intermediate

   
   

4. Indicator Type
   1. Reversal Indicator (MT4)

   
   

5. Timeframe
   1. Multi-Timeframe

   
   

6. Trading Style
   1. Intraday Trading

   
   

7. Markets
   1. Forex
   2. Cryptocurrency
   3. Stock Market
      
      

   
   

Trend by Angle Indicator Overview

The Trend by Angle Indicator displays trend direction by drawing angled lines aligned with price movement. These angles are calculated using both price and time variables, which allows the indicator to respond dynamically as the market evolves.
However, it is important to note that the visible shape of the angles may vary depending on the MetaTrader chart scale, meaning that:

1. Zooming in can make angles appear steeper.
2. Zooming out can make angles appear flatter.

This is a normal behavior of angle-based indicators in MT4 and does not necessarily indicate a change in market trend.
Another key advantage of the Trend by Angle Indicator is its real-time synchronization with price movements, which helps reduce lag and provides a more responsive trend display.


Bullish Trend in Trend by Angle Indicator

In bullish market conditions, the Trend by Angle Indicator confirms upward strength by plotting a blue angle. This typically suggests that buying pressure is dominant and that price may continue rising.
To improve trade accuracy, traders should first evaluate whether price forms a channel or structured movement within the indicator’s range.

Buy Entry Confirmation
A potential buy opportunity becomes more valid when the following conditions are met:

1. Price returns to the angle line or the channel boundary.
2. The angle level holds as support.
3. A bullish candlestick closes after the reaction.

This sequence can create a structured confirmation for entering a buy position.


Bearish Trend in Trend by Angle Indicator

In bearish conditions, the Trend by Angle Indicator identifies downward pressure by plotting a red angle. This indicates that sellers are in control and the probability of continued decline increases.
When price returns to the angle line or channel resistance and fails to break above it, bearish continuation becomes more likely.

Sell Entry Confirmation
A sell setup is strengthened when:

1. Price retests the red angle or channel boundary.
2. The angle behaves as resistance.
3. Price fails to break above the level.
4. A bearish candlestick closes after the rejection.

This provides a clearer and more disciplined entry area for sell trades.


Trend by Angle Indicator Settings

The Trend by Angle Indicator includes a simple settings panel designed for practical use. The main adjustable parameter is:

1. Cycle
   1. Defines the trend calculation period.
   2. Higher values generate smoother angles.
   3. Lower values increase sensitivity to short-term price changes.

   
   

Selecting an appropriate Cycle value depends on the trader’s timeframe and preferred trading style.


Conclusion

The Trend by Angle Indicator is an effective trend-detection tool for MetaTrader 4 that highlights market direction using dynamic angles and a clear color-based trend system.
With:

1. Blue angles for bullish conditions
2. Red angles for bearish conditions

the indicator allows traders to identify trend direction quickly and assess potential continuation or reversal opportunities.
Additionally, the real-time updating of its lines helps reduce lag, improving reliability for intraday analysis and multi-timeframe trend confirmation.