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Linear Regression Slope

A common statistical technique used to identify the strength and direction of a dominant market trend. The Linear Regression Slope is a centered oscillator type of indicator similar to momentum indicators. As indicated by its name, it "oscillates" or fluctuates above and below a central line drawn at 0. In general, the momentum is positive when the slope is above 0 and negative when it is below 0. It can be used to measure the strength or weakness and direction of the momentum.

To apply a Linear Regression Slope Indicator

1. From within a chart, from the Edit menu select Studies.
2. Choose Linear Regression Slope and click Add to add the study to the Applied Studies group.
3. Complete parameters as necessary.

Once the study is defined, you can elect to uncheck/check to remove and add the study to your chart.

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