Category: Data Line Statistics Sales and Support: 022 - 4091 8900

Study Name -
Line Slope

 
 

Description

  • Linear regression can be measured in its best possible way using slope
  • Line slope is calculated depending on the number of bars input by the user and its simple moving average
 

Interpretation

  • Line slope is a convenient indicator to measure the strength and direction of stock’s trend
  • Positive slope defines an uptrend
  • Negative slope defines a downtrend

For eg. A slope rises when it is above 20-day SMA and falls when it is below it

 
 

Default Parameters Used/Inputs
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  • Data Line
  • Bars
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Returns/Output
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Slope of the specified line

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Formula

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LineSlope(X)=100*[SMA(X)-SMA(X-N+1)]/[SMA(X-N+1)*Bars]
N- number of bars input by user
X- current bar

 
 
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