Abbreviation: LinTimeReg Slope
Category: Regression
Input Parameters:
| Name | Range | Default |
| Time Series | Close | |
| Regression Periods | Int >= 3 | 10 |
Calculation:
[ n * sum(X*Y) – sum(X) * sum(Y) ]
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[ 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 = Period Number
Y = Time Series
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 time series points (y axis) and their corresponding time period (x axis) over the last n periods.