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Copy and paste formula below.


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Linear Regression true slope
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{ Linear Regression true Slope v3.5 }
{ -100~+100% / -90~+90 degrees }
{ ©Copyright 2003-2004 Jose Silva }
{ http://www.metastocktools.com }

pds:=
 Input("Linear Regression periods",2,2520,21);
pds1:=
 Input("Lin Reg Signal periods",1,252,5);
x:=Input("Open=1, High=2, Low=3, Close=4, Volume=5, P=6",1,6,4);
display:=Input("display  -100~100%=1,  -90~90 degrees=2",1,2,1);
hist:=Input("display positive histogram fill (on=1, off=0)",0,1,1);
plot:=Input("[1] LinReg Slope,  [2] signals",
 1,2,1);

x:=If(x=1,O,If(x=2,H,If(x=3,L,
 If(x=5,V,If(x=6,P,C)))));
LRlast:=LinearReg(x,pds);
LRS:=LinRegSlope(x,pds);
LRprev:=LRlast-LRS;
{LRstart:=Ref(LRlast-LRS*(pds-1),pds-1);}

a:=Min(LRlast,LRprev)/Max(LRlast,LRprev);
LRratio:=(If(LRlast>LRprev,2-a,a)-1)*80;
LRSdeg:=If(LRratio<0,Atan(LRratio,1)-360,
 Atan(LRratio,1));
LRSper:=LRSdeg*10/9;
LRStrue:=If(display=2,LRSdeg,LRSper);
signal:=Mov(LRStrue,pds1,E);
BuySell:=
 Cross(LRStrue,signal)-Cross(signal,LRStrue);
odd:=Cum(1)/2=Int(Cum(1)/2);
odd:=If(hist=1 AND LRStrue>signal,
 If(odd,signal,LRStrue),LRStrue);

If(plot=1,odd,0);
If(plot=1,signal,0);
If(plot=1,LRStrue,BuySell)

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http://www.metastocktools.com