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One of the standard ways to determine the direction of price movement at a particular moment is to calculate a linear regression for the values of such a price over a certain period of time.
This indicator displays a line on the price chart based on the values of the linear regression of the selected price for the selected period of time.
The indicator is as simple as possible and can be used within any trading strategy.
The indicator is not redrawn on fully formed bars.
Settings:
- Ind_Period – The period for which the prices are taken to calculate the linear regression;
- Ind_Price – Prices that are taken to calculate the linear regression.
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