Where:
EMA_{current} - EMA_{n}: The vertical change (rise) over n bars.
\text{ATR}: The Average True Range (typically 14 periods) used to normalize the price distance.
n: The lookback period for the slope (often 1 bar for immediate slope or 5-10 bars for trend).
180/\pi: Converts the result from radians to degrees.
Calculate the EMA 50: Determine the current value and the value n bars ago.
Calculate the ATR: Use a standard 14-period ATR to gauge the "unit of movement" for that specific asset.
Normalize the Slope: Divide the EMA difference by the ATR. This tells you how many "volatility units" the average moved per bar.
Apply Arctangent: Use the formula above to get a degree between -90^\circ and +90^\circ.
Scale Independence: An EMA rising 10 points on a \$50 stock is massive, but on a \$50,000 asset, it is negligible. ATR-based angles treat both relatively.
Trend Strength: A 45^\circ ATR-normalized slope indicates that the EMA is moving up by exactly 1 ATR per bar—a very strong, high-momentum trend.
Filtering Noise: If the price is moving but ATR is also very high (high volatility), the angle will appear "flatter," warning you that the trend is messy rather than clean.

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