linregslope
Slope of the linear regression
Reference/Moving averages/Function
linregslope(source, length)
Rate of change of lsma — positive means the fit is rising. Short form `linregslope(14)` uses close.
Parameters
| Name | Type | Description |
|---|---|---|
sourceoptional | series default close | Series to use. Omit it when the first argument is a number — ema(9) means ema(close, 9). |
length | int default 14 | Lookback in bars. Default 14. |
Return value
series
Short form: if the first argument is a number, Dovee uses close as the source.
Example
line = linregslope(close, 14) plot line as "Slope of the linear regression"