Indicators: Linear regression slope

 

Linear regression slope:

Linear regression slope normalized to SMA (simple moving average).

the SMA normalization was chosen for the indicator. Also, because of very small values of the LRS, the indicator values are calculated and plotted in parts per 100 thousand to fit roughly into the range of -100 to +100.

Linear regression slope

Author: Vladimir

 
Clear explanation. Thanks!
Reason: