Linear Regression Slope

Linear Regression Slope
The Linear Regression Slope indicator calculates the slope value of theoretical regression lines which involve that bar and the previous n-1 bars (n = regression periods) for each bar loaded in the chart.

Linear Regression Slope
The usage of Linear Regression slope is prediction of the following forex market values based on the previous ones. It is considered as a statistical engine.

The Linear Regression Slope indicator provides the slope at each bar of theoretical regression lines which involve that bar and the previous N-1 bars (N being the regression period).

Linear Regression Slope
The Slope shows how much prices are expected to change per unit of time. Slope gives you the general direction of the trend (positive or negative), r-squared gives you the strength of the trend.

Beta is defined as the linear regression slope of a stock portfolio (or a single stock), the benchmark over a specified period of time. For example, one can compute the of Hutchison stock with respect to the Hang Seng Index over the past six months.

Compare with Linear Regression Slope.
Linear Regression Slope
Linear Regression Slope (LRS) creates a Histogram similar to a MACD, but based on the regession of the slope.
MACD ...

You can smooth the linear regression slope with a short-term TEMA average, but the result will still not be smooth enough. So, in the final step, we maintain the previous calculated result over a period of two bars.

See also: Chart, Linear Regression, Indicator, Regression, Average