Linear Regression Slope

Linear Regression Slope is an oscillator calculated using the linear regression technique. This technique is applied in technical analysis to determine if the trend is bullish or bearish and with what intensity, considering past price fluctuations.
As indicated by the name, Linear Regression Slope, oscillates above and below the 0 line, is positive when the slope of the regression line (Slope) is greater than 0 and negative when it is below 0. It can be used to measure force or weakness and the direction of the trend.