Description

• Plots a line with the price value that the stocks tend to reach at a specified period in the future

Interpretation

• It is used to predict the future prices of stocks depending on the period selected

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

Default Parameters Used/Inputs

• Close Line
• Period

Returns/Output

Future price of the stock at specified period

Formula

F[X]=RegrSlope(I[X],R)*(X+1)+(Sum(I[X],R)-RegrSlope(I[X],R)*X)/X
where F[X] indicates Future Price line value at X,
R=1..Period is the range