Knowledgebase:
LineArregressionSlope
Posted by Mohammad Rahhal, Last modified by Rawan Al Hourani on 16 June 2016 09:50 AM

Syntax

Public Function LineArregressionSlope(chart_ID As Long, applyTo As ENUM_APPLIED_PRICE, period As Integer) As String

The slope indicator measures the rise-over-run of a linear regression, which is the line of best fit for a price series.

Fluctuating above and below zero, the Slope indicator best resembles a momentum oscillator without boundaries.

It is not well suited for overbought/oversold levels, but can measure the direction and strength of a trend.

It can also be used with other indicators do identify potential entry points within an ongoing trend.

Parameters

Key Description 
chart_ID Chart identifier, 0 is the current chart ,value of type Long
applyTo Applied price , can be one of the  ENUM_APPLIED_PRICE.
period The calculation period, on which the indicator will be calculated, value of type Integer.

Return value

Returns the handles of a technical indicator, in case of failure returns an empty string.

Sample

Public Sub main()

AlertMessage (LinearRegressionSlope(0,PRICE_CLOSE,9))

'Draws the indicator on chart and shows a message box with the indicator name.

End Sub


See Also


Back to VTL Client Script Index

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