Syntax
Public Function LineArregressionSlope(chart_ID As Long, applyTo As ENUM_APPLIED_PRICE, period As Integer) As StringDescription
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 amomentum oscillatorwithout 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 SubSee Also