Introduction to the Linear Regression Slope Indicator The Linear Regression Slope Indicator is, as the name suggests, an forex indicator that plots the slope of the linear regression channel. You can use it mainly for the determination of the market trend strength. The higher value of the Linear Regression Slope, the stronger trend-momentum takes place.…
Tag: slope indicators
RSI Slope Divergence Indicator MTF
Introduction to the RSI Slope Divergence Indicator MTF The RSI Slope Divergence indicator MTF plots two linear regression channels: directly on the price and on the Relative Strength Index (RSI). It is a multi-timeframe indicator. The general usage of that gauge is divergences detection, but also correction or retracement even before it occurs. The indicator…