Posted by Mohammad Rahhal, Last modified by Diana Alkouni on 14 September 2020 12:26 PM
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 a momentum oscillator without 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.
Returns the handles of a technical indicator, in case of failure returns an empty string.