Linear Regression Slope Indicator with Higher-Timeframe Selection

Summary

This document describes a higher-timeframe variant of the LinearRegSlope_V2 indicator. It adds an input that lets the user select the chart period from which the indicator obtains its data; the stated default is a four-hour period. The core indicator is identified as LinearRegSlope_V2, so the higher-timeframe version appears to provide timeframe selection rather than a new slope calculation or an independent trading method.

The description is brief and does not explain the slope formula, how values are plotted, what constitutes a trading signal, or how the indicator handles incomplete higher-timeframe bars. It also provides no test results or evidence of predictive value. The referenced base indicator file is a dependency, meaning the higher-timeframe version cannot be understood or run from this description alone. Users would need to inspect both indicators and validate any use across the relevant markets and chart periods.

Key ideas

• The indicator adds a selectable timeframe input to the LinearRegSlope_V2 indicator.
• Its stated default source period is four hours.
• The document describes timeframe selection but does not explain the slope calculation or signal rules.
• The base indicator is a required dependency, and no performance evidence is supplied.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.