PINE LIBRARY
Updated SlopeUtils
Library "SlopeUtils"
calcSlope(src, atr_series, length)
Calculates a normalized slope based on price change relative to ATR.
Parameters:
src (float): (series float) The source input (e.g., close).
atr_series (float): (series float) The ATR value for normalization.
length (simple int): (simple int) The lookback period for the slope calculation.
Returns: (float) The normalized slope value.
calcSlope(src, atr_series, length)
Calculates a normalized slope based on price change relative to ATR.
Parameters:
src (float): (series float) The source input (e.g., close).
atr_series (float): (series float) The ATR value for normalization.
length (simple int): (simple int) The lookback period for the slope calculation.
Returns: (float) The normalized slope value.
Release Notes
v2Added:
calcLinRegSlope(src, length, use_atr)
Calculates a statistically sound slope using Linear Regression.
Parameters:
src (float): (series float) The source input (e.g., close or SMA).
length (simple int): (simple int) The lookback period.
use_atr (bool): (bool) Whether to normalize the slope by ATR.
Returns: (float) The slope of the regression line.
Release Notes
v3Updated:
calcLinRegSlope(src, length, atr_val)
Calculates a statistically sound slope using Linear Regression.
Parameters:
src (float): (series float) The source input (e.g., close or SMA).
length (simple int): (simple int) The lookback period.
atr_val (float)
Returns: (float) The slope of the regression line.
Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in publications is governed by House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in publications is governed by House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.