Linear Regression Slope
Script which calculates the linear regression slope, giving an idea where enter or exit in a market position.
Please if anybody have suggestions, let me know.
Please if anybody have suggestions, let me know.
// Created by emiliolb -- Version 1.0 // Contact emiliolb@outlook.com study(title="Linear Regression Slope", shorttitle="LRS", overlay=true) src = close[0] len = input(defval=150, minval=1, title="Linear Regression Length") lrc = linreg(src, len, 0) plot(lrc, color = red, title = "Linear Regression Curve", style = line, linewidth = 2) lrprev = linreg(close[1], len, 0) slope = ((lrc - lrprev) / interval) //Please if somebody have suggestions how show this better, let me know codiff = slope plotarrow(codiff, colorup=teal, colordown=orange, transp=40)