The Linear Regression Slope indicator allows traders to read the strength of the current move. It shows momentum, which is important for finding the best trading opportunities. The indicator is simple to use and easy to read, allowing all types of traders to use it.
It draws histogram bars at the bottom of the screen with some above the zero line and some below. Those above are green and show a bullish market, while the red ones show a bearish market. When the bars are short, it shows the trend is weak as momentum is low. On the other hand, when the bars are long, it signals a strong trend with solid momentum.
It draws histogram bars at the bottom of the screen with some above the zero line and some below. Those above are green and show a bullish market, while the red ones show a bearish market. When the bars are short, it shows the trend is weak as momentum is low. On the other hand, when the bars are long, it signals a strong trend with solid momentum.
