SMA Angle Alerts

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SMA Angle Alerts
Overview:
The "SMA Angle Alerts" indicator measures the angle of the Simple Moving Average (SMA) over a specified number of bars, helping traders identify when the market is gaining or losing momentum. The indicator provides real-time alerts when the angle of the SMA crosses user-defined thresholds, indicating strong upward or downward movements in the trend.

How it works:

SMA Calculation: The indicator calculates the Simple Moving Average (SMA) of the closing price over a customizable length.
Angle Calculation: It determines the slope of the SMA by measuring the price change over a set number of bars and converts that slope into an angle (in degrees).
Alerts: Alerts are triggered when the SMA angle crosses above or below specified thresholds, allowing traders to react to significant trend changes in real time.
Key Features:

Customizable SMA and Angle Threshold:

The length of the SMA and the threshold for the angle can be customized to fit your trading strategy.
Real-Time Alerts:

Alerts are triggered when the angle of the SMA crosses upward or downward by more than the defined threshold, providing actionable insights into trend strength and direction.
Visual Markers:

The chart visually highlights points where the angle of the SMA exceeds the threshold, with "UP" and "DOWN" labels to mark when the angle is steep enough to signal significant trend changes.
Background Color Alerts:

The chart’s background color changes when the angle exceeds the thresholds—green for upward crosses and red for downward crosses—allowing traders to quickly spot moments of interest.
Plotting the Angle:

The slope of the SMA is plotted in degrees, giving traders a visual representation of the market's momentum. Horizontal lines mark the upper and lower angle thresholds, offering a clear view of when price momentum is accelerating or decelerating.
Use Case:
This indicator is ideal for traders looking to catch strong trend reversals, breakouts, or momentum shifts. It can be used across multiple timeframes to monitor market momentum and identify key moments when the trend is gaining strength in either direction.

Customization:

SMA Length: Adjust the length of the SMA to suit different timeframes or asset classes.
Angle Threshold: Define the angle at which alerts are triggered, allowing you to focus on strong upward or downward movements.
Bars to Check: Customize how many bars are used to calculate the slope and angle of the SMA.
Alerts:

Set alerts to notify you when the SMA is angling up or down by more than your specified threshold, ensuring that you never miss a significant trend shift.