UCSgears_Linear Regression Slope

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This is version 1 of the Linear Regression Slope. In ideal world the Linear regression slope values will remain same for any time period length. because the equation is y = mx+b, where m is the slope. All I did here is m = y/x

The Main Purpose of this indicator is to see, if the Trend is accelerating or decelerating.

The first Blue bar will caution when a strong trend is losing strength. I will leave the rest for you to explore.

I picked AAPL again, because it does have both up and down trend, in the recent time.

Mistake in the code

Corrected Version -
סקריפט קוד פתוח

ברוח TradingView אמיתית, מחבר סקריפט זה פרסם אותו עם קוד פתוח, כך שסוחרים יוכלו להבין ולאמת זאת. הידד למחבר! אתה יכול להשתמש בו בחינם, אך שימוש חוזר בקוד זה בפרסום הנו בכפוף ל כללי הבית . אתה יכול להגדירו כמועדף ולהשתמש בו בגרף.

רוצה להשתמש בסקריפ זה בגרף?
// Created by UCSgears -- Version 1
// Simple linear regression slope - Good way see if the trend is accelarating or decelarating

study(title="UCSGEARS - Linear Regression Slope", shorttitle="UCS-LRS", overlay=false)
src = close
len = input(defval=5, minval=1, title="Slope Length")
lrc = linreg(src, 50, 0)
lrs = (lrc[-len] - lrc)/len
alrs = sma(lrs,9)
loalrs = sma(lrs,50)

uacce = lrs > alrs and lrs > 0 and lrs > loalrs
dacce = lrs < alrs and lrs < 0 and lrs < loalrs

scolor = uacce ? green : dacce ? red : blue

plot(lrs, color = scolor, title = "Linear Regression Slope", style = histogram, linewidth = 4)
plot(alrs, color = black, title = "Average Slope")
plot(0, title = "Zero Line")


Did a mistake on the CODE.

line 8 ===== > replace it with

lrs = (lrc-lrc)/len

Corrected Version -
+4 השב
For those who agree this, Please use the Version - 2 Link is below the Script
+1 השב
how to add this indicator on my mt4 charts ?
+1 השב
ucsgears mantracommodity
I don't use MT4, sorry.
Great job! I'm interested in developing regression modes myself.