Topic: New Indicators: Linear Regression Slope
This is a new indicator. The logic of the Linear Regression Slope indicator is actually quite simple. Linear regression line is a plot of a slope line that try to conform or approach the scattered data. And if this scattered data is an average value of higher and lower data then we can try to plot this slope line to approach this data. The LRS will plot the slope value of this linear line. A zero value indicate that the line is horizontal or the price is reaching it's minimum or maximum value. Positive LRS value indicate the line is leaning upward or the price is increasing and negative LRS value indicate the line/price is sliding downward.