Indicator - Linear Regression Slope
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- 0
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Definition Linear Regression Slope
This indicator represents the direction of the trend.
If the indicator rises above the 0 level, then we are in an uptrend and when the indicator falls below the 0 level, then we are in a downtrend.
The higher the indicator is the more the trend is important.
With this indicator, we suggest that you use the R squared to confirm the trend.
