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LINEARREG_ANGLE

Type: linearreg_angle • Category: indicators

Description​

Linear Regression Angle

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringList of pricesno
timeperiodnumberno14

Help​

LINEARREG_ANGLE

Overview​

The LINEARREG_ANGLE indicator is used in financial markets to calculate the angle of a linear regression line over a specified time period. This indicator helps in understanding the trend and its strength by measuring the angle of the regression line.

Description​

The Linear Regression Angle indicator calculates the angle of the linear regression line over a specified time period. It is used to determine the strength and direction of a trend.

What does this worker do?​

This worker calculates the Linear Regression Angle for a given set of prices over a specified time period. It takes a list of prices and a time period as input and returns the angle of the linear regression line.

How to interpret the results​

The Linear Regression Angle indicator values can be interpreted as follows:

  • A positive angle indicates an upward trend.
  • A negative angle indicates a downward trend.
  • The magnitude of the angle indicates the strength of the trend.

Parameters​

The following parameters are required to use the LINEARREG_ANGLE indicator:

Parameters Schema (JSON)​

{
  "dataExp": {
    "type": "string",
    "description": "List of prices"
  },
  "timeperiod": {
    "type": "number",
    "default": 14
  }
}

Detailed Parameters​

  • dataExp:
    • Type: string
    • Description: A list of prices. This is a required input for calculating the Linear Regression Angle.
  • timeperiod:
    • Type: number
    • Default: 14
    • Description: The time period over which the Linear Regression Angle is calculated. A higher time period means the indicator will be slower to react to price changes.

By adjusting the timeperiod parameter, you can control the sensitivity of the indicator to price movements. A shorter time period will result in a more sensitive indicator, while a longer time period will result in a less sensitive indicator.