IM_AngleIndicator
Indicator
1 purchases
Version 2.0, Jul 2026
Windows, Mac
4.5
Reviews: 2
Since 11/11/2024
33.96M
Traded volume
83.68K
Pips won
1
Sales
Description
IM_AngleIndicator turns the slope of a simple moving average into an objective, comparable angular measure.
Most "angle" indicators calculate slope from the raw price change, but the result depends on the instrument's absolute scale and on the timeframe — so the same degree value means completely different things on a currency cross, an index, or a cryptocurrency. IM_AngleIndicator solves this by normalizing the SMA change by the ATR: the slope is expressed in "ATR per bar" and then converted into degrees. This way, a slope of 45° always represents a movement of 1 ATR per bar, regardless of the instrument or timeframe being analyzed. The result is a consistent reading and thresholds that can be reused across the entire portfolio.
How it works
- Calculates the SMA on closing prices according to the chosen period.
- Measures its change between two consecutive bars and normalizes it by dividing by the ATR.
- Converts the resulting ratio into degrees via arctangent, returning a value roughly between −90° and +90°.
- Plots the value as an oscillator in a dedicated panel and, when the slope exceeds the set threshold, adds a label on the price chart positioned above the high (bullish trend) or below the low (bearish trend).
Key features
- Slope measurement independent of instrument and timeframe thanks to ATR normalization.
- Configurable threshold in degrees to filter significant moves and exclude noise.
- Directional color-coded labels (green for rising, red for falling) with an ATR-based vertical offset for clean placement relative to the candles.
- Optimized chart-object handling: labels are limited to the most recent bars to preserve performance even on charts with long histories.
- Fully customizable parameters: SMA period, ATR period, slope threshold, label visibility, and maximum number of labels.
Use cases
- Identifying strong-trend phases versus sideways ranges.
- Directional confirmation to support entry and exit strategies.
- Comparing trend strength across multiple instruments using the same threshold.
- A foundation for developing cBots that use the normalized slope as a trading signal.
Summary
AI summary
IM_AngleIndicator is a technical indicator that measures the slope angle of a simple moving average (SMA) normalized by the Average True Range (ATR). This normalization expresses the slope in degrees, making it comparable across different instruments and timeframes. The indicator calculates the SMA on closing prices, measures its change between bars, normalizes this change by the ATR, and converts the ratio into an angle between approximately −90° and +90°. It displays the angle as an oscillator in a dedicated panel and adds color-coded labels on the price chart to indicate strong bullish (green) or bearish (red) trends.
Key features include:
- ATR normalization for consistent slope measurement regardless of instrument or timeframe.
- Configurable angle thresholds to filter significant trend moves and reduce noise.
- Directional labels positioned relative to price bars for clear trend visualization.
- Customizable parameters such as SMA period, ATR period, slope threshold, label visibility, and maximum label count.
- Optimized label management for performance on long chart histories.
Use cases involve identifying strong trend phases, detecting potential reversals, confirming trade entries and exits, and comparing trend strength across multiple markets including Forex, commodities, and indices.
Key features include:
- ATR normalization for consistent slope measurement regardless of instrument or timeframe.
- Configurable angle thresholds to filter significant trend moves and reduce noise.
- Directional labels positioned relative to price bars for clear trend visualization.
- Customizable parameters such as SMA period, ATR period, slope threshold, label visibility, and maximum label count.
- Optimized label management for performance on long chart histories.
Use cases involve identifying strong trend phases, detecting potential reversals, confirming trade entries and exits, and comparing trend strength across multiple markets including Forex, commodities, and indices.
Indicator profile
Indicator category
Trend
Output type
Visualisation
Data requirements
Bars only
Supported signals
Trend strength
Customer reviews
4.5
Reviews: 2
5 | 50 % | |
4 | 50 % | |
3 | 0 % | |
2 | 0 % | |
1 | 0 % |
Customer reviews
November 19, 2024
The setup needs a cleaner reason to exist, but sideways markets can fake the filter.
November 13, 2024
kinda useful when the chart is messy. It can look better than it is during a lucky run.
Discussion
FAQ
Forex
Signal
EURUSD
Commodities
XAUUSD
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Price
Since 11/11/2024
33.96M
Traded volume
83.68K
Pips won
1
Sales