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linearreg_slope

LINEARREG_SLOPE​

Type: linearreg_slope • Category: indicators

Description​

Linear Regression Slope

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringPrice listno
timeperiodnumberno14

Help​

LINEARREG_SLOPE

Overview​

The LINEARREG_SLOPE indicator is used in financial markets to calculate the slope of a linear regression line. This indicator helps in understanding the trend and direction of the market.

Description​

The Linear Regression Slope indicator calculates the slope of a linear regression line. It is used to determine the direction and strength of a trend. A positive slope indicates an upward trend, while a negative slope indicates a downward trend.

What does this worker do?​

This worker calculates the slope of a linear regression line for a given set of price data over a specified time period. It helps traders and analysts to identify the trend and make informed decisions.

How to interpret the results​

The result of the LINEARREG_SLOPE indicator is a value that represents the slope of the linear regression line. A:

  • Positive value indicates an upward trend.
  • Negative value indicates a downward trend.
  • Higher absolute value indicates a stronger trend.

Parameters​

The following parameters are required to use the LINEARREG_SLOPE indicator:

Parameters Schema (JSON)​

{
  "dataExp": {
    "type": "string",
    "description": "Price list"
  },
  "timeperiod": {
    "type": "number",
    "default": 14
  }
}

Detailed Parameters​

  • dataExp:
    • Type: string
    • Description: A list of price data.
  • timeperiod:
    • Type: number
    • Default: 14
    • Description: The time period over which the linear regression slope is calculated.

Usage​

To use the LINEARREG_SLOPE indicator, provide the required parameters, dataExp and timeperiod, and the indicator will return the slope of the linear regression line.