Linear Regression Angle

Type

Other indicator

Short introduction

The Linear Regression Angle is designed to identify emerging and weakening trends. The angle of a regression channel is calculated and displayed.

Interpretation

Angles above 0 (or values of the chart line of the indicator) are interpreted as upward trends. The higher the value, the stronger the trend. Angles below 0 indicate possible downward trends.

Default setting

• Period: 14 periods

In the indicator settings, you can also enter the corresponding "x-axis unit in milliseconds (86,400,000 ms = 1 day)".

Example: Chart with Linear Regression Angle