(1) Overview of Inclination Direction Line Indicator

One way traders identify trend direction and trend reversals is based on the slope of the moving average

This is because moving averages tend to slope toward the direction in which price action is more common

This is the concept behind the slope direction line indicator

What is the slope direction line indicator?

Slope directional lines are trends following technical indicators based on modified moving averages

It draws a modified moving average that is relatively smooth yet responsive at the same time

The moving average line drawn by the slope direction line indicator changes color according to the direction of the detected trend

Draws a blue line whenever bullish momentum is detected, draws a red line whenever bearish momentum is detected

The Slope Direction Line is available as a free indicator.

Please use it freely without web authentication.

To the template you are usingSlope Direction Line + Arrow can be used as is.