Linear Regression Slope

  • It is green when the slope of linear regression is above zero and rising, red when the opposite, yellow otherwise.
  • Editables: You can change the lookback period in settings. In general, choose a bigger number if you prefer longer term trade and vice versa.
  • Alarms: You can set alarms for when the slope of linear regression moving up and moving down.

Linear regression is a statistical technique used to identify the strength and direction of a dominant market trend. The linear regression slope indicator is plotted as a line that fluctuates above and below a central line drawn at 0.