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)".
