Description
The Linear Regression Slope study displays expected price change based on linear regression analysis using the least squares method. High positive values of the slope might indicate a buying opportunity, while low negative values can be considered a signal to sell or open a short position. Note that this type of prediction is purely mathematical as all calculations are based on least squares averaging of previous values.
Input Parameters
| Parameter | Description |
|---|---|
price
|
The price used in calculations. |
length
|
The number of bars used for linear regression calculation. |
Plots
| Plot | Description |
|---|---|
LRS
|
The Linear Regression Slope plot. |
ZeroLine
|
The zero level. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.