Least-squares slope of the last 20 closes, in price per bar.
Preview
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What it measures
The least-squares slope of the last N closes, in price per bar: trend as a rate rather than a line.
- Inputs
- Length 20Source close
- Output
- A line, in price
- Feeds
- Entry and exit rules
- Warm-up
- 20 bars before its first reading
- Updates
- When each bar closes
- Filters entries
- No. It’s measured and charted, and doesn’t change which entries are taken.
- Part of
- Linear Regression Slope
- Also known as
- LinReg Slope, Least Squares Slope