Linear Regression Slope

The Linear Regression Slope indicator aims to calculate the rate of change, or 'slope,' of a linear regression line fitted to an asset's price data over a fixed time frame. It generates a numerical value that may offer insight into the general direction and relative strength of an observed trend. The indicator includes the following key elements: 

Trend Direction: May provide a quantitative measure that could indicate whether the trend appears to be moving upward or downward. 

Trend Strength: The absolute value of the slope could suggest the relative strength of the trend; higher values may imply a stronger trend, while values closer to zero may imply a weaker or consolidating trend. 


Price: The default price type is "Close," but this can be altered to High, Low, Open, Volume, or VWAP to better suit specific analytical needs. 

Length: Set by default to 14 periods, the length parameter dictates the number of periods used for the linear regression calculation. 

Linear Regression Slope Indicator subgraph on chart

*Please note that these observations are for informational purposes and should not be construed as financial advice.