The Simple Moving Average Slope indicator (SMAS) is a technical analysis tool designed to help traders detect the direction and strength of the current trend in the price of an asset. It is also a great tool for identifying sideways markets. The indicator plots the slope of a simple moving average (SMA) of the closing prices over a specified time period. The slope...
The indicator calculates a fast price filter based on the closing price of the underlying asset. Overall, it is intended to provide a fast, reliable way to detect trend direction and confirm trend strength, using statistical measures of price movements.
The algorithm was adapted from Marcus Schmidberger's (2018) article "High Frequency Trading with the MSCI World...
![ETHUSDT: Simple Moving Average Slope [AstrideUnicorn]](https://s3.tradingview.com/c/CMitPGXF_mid.png "Simple Moving Average Slope [AstrideUnicorn]")
![ETHUSDT: Price Filter [AstrideUnicorn]](https://s3.tradingview.com/f/FKP3e10S_mid.png "Price Filter [AstrideUnicorn]")