Regression Lines

Input variables

"Price" - This can be: Close, High or Low
"Length" - is the number of time periods used when computing the indicator

Calculation

where:

"RLI" is Regression Line Intercept and
"RLS" is Regression Line Slope

Values used in computation

From "Indicator Properties" you can change the settings for indicator:


You can set the "Line Width", "Line Color" and "Line Style". Also you can set the first, second and third bar "Length", and the "Price" from the formulas.

Regression Lines indicator on ESZ07 chart

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