Forex Strat to ToS


New member
Hey guys,

First off, thank you for all the help you guys give through this community.

Let's get started. Here is a link to the strategy/indicator I am hoping you guys can help me implement:

Basically, the strategy uses the 50 SMA, 21 EMA, and 10 EMA but it uses the angle (~20 degrees up/down) of the 50 SMA to determine the strength of the trend (they call it the SMA Angle indicator that has a 21 MA on top of it. The problem is, different zooms make the angle change of the 50 SMA on the chart.

So, basically 2 things. How can we determine the angle of the 50 SMA apart from using the angle trend line tool? This isn't as important as I can eyeball it.
More important, is the SMA Angle indicator. How can we make the SMA Angle Indicator have the 21 EMA on top of it plus the 0.1/-0.1 and 0.2/-0.2 lines?

I tried to download the .ex4 file but I can't seem to find a download for MT4 so I can possibly pull code.

Here is a photo of one of the charts from the thread

Here is a list of the trade criteria:
The trade criteria:

2.1 Wait for the 50SMA angle to be more than 20 degree

2.2 Wait for 21EMA on SMAangle indicator to cross the 0.1 or -0.1 line

2.3 Wait for price to pull back through 10EMA to 21EMA (war zone)

2.4 SMAangle bars to be higher or lower than 0.2 or -0.2 line

I hope this gives you guys enough information. If you need anything, please let me know. Thanks!

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Yes, I trade forex, now more than ever. Its more profitable than the small market caps at the moment, and less trading. You find a good move, and a week+ you are out of it and profitable.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
499 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.