Abbreviation: LinXYReg Slope
Category: Regression
Input Parameters:
| Name | Range | Default |
| X Axis | Close | |
| Y Axis | Close | |
| Regression Periods | Int >= 3 | 40 |
Calculation:
[ n * sum(X*Y) – sum(X) * sum(Y) ]
‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘
[ n * sum(X*X) – sum(X) * sum(X) ]
where
sum(X*X) = sum of X*X over the last n periods
sum(X*Y) = sum of X*Y over the last n periods
sum(X) = sum of X over the last n periods
sum(Y) = sum of Y over the last n periods
X = X Axis
Y = Y Axis
n = Regression Periods
Discussion:
Computes the slope of the linear regression line. Note that the linear regression line is the straight line that provides the best fit to the X and Y points over the last n periods.