Linear Regression Slope

Type

Other indicator

Short introduction

The Linear Regression Slope returns the slope of the linear regression line.

Interpretation

In upward trends, the rise is positive or upward, while in downward trends it is negative or downward. The Linear Regression Slope is not suited to indicate overbought or oversold areas, but can measure the direction and strength of a trend. It can also be used in combination with other indicators to identify potential entry points.

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 Slope