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LINEARREG_SLOPE

Type: linearreg_slope • Category: indicators

Description​

Linear Regression Slope

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
realstringData column to apply the calculation to (e.g., closing price)no
timeperiodnumberNumber of periods to use for LINEARREG_SLOPE calculationno14

Help​

LINEARREG_SLOPE

Description​

The LINEARREG_SLOPE worker is a financial analysis indicator used to calculate the slope of a linear regression line. It helps in understanding the rate of change of a specific data point (e.g., closing price) over a defined period.

What does this worker do?​

The LINEARREG_SLOPE worker calculates the slope of a linear regression line for a specified data column (e.g., closing price) over a defined number of periods (timeperiod). This slope represents the rate of change of the data point over the specified period.

How to interpret the results​

The LINEARREG_SLOPE value represents the rate of change of the data point. A positive value indicates an upward trend, while a negative value indicates a downward trend. The magnitude of the value represents the steepness of the trend.

Usage​

To use the LINEARREG_SLOPE worker, simply provide the following parameters:

  • dataExp: prices data
  • real: Data column to apply the calculation to (e.g., closing price)
  • timeperiod: Number of periods to use for LINEARREG_SLOPE calculation

Indicator Usage Example​

For a better understanding of how to use the LINEARREG_SLOPE worker, refer to the following GIFs:

Full Indicator Usage Example​

[![Full Indicator Usage Example](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)

Short Indicator Usage Example​

[![Short Indicator Usage Example](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)

Additional Information​

The LINEARREG_SLOPE indicator is commonly used in technical analysis to identify trends and predict future price movements. A rising LINEARREG_SLOPE value indicates an increasing rate of change, which can be a sign of a strong uptrend. Conversely, a falling LINEARREG_SLOPE value indicates a decreasing rate of change, which can be a sign of a strong downtrend.

By incorporating the LINEARREG_SLOPE worker into your financial analysis, you can gain valuable insights into market trends and make more informed investment decisions.