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Linear Regression Trend Line Indicator

The linear regression trendline plots through past prices using the "least squares" method.  The linear regression line can be used as a "mean reverting" indicator since the line is plotting the best path through the price action.  Surges up or down from the trend line can be considered buy or short indicators in hopes that the price will revert to the mean.

See Also

Linear Regression Trend Line Developer Help

Linear Regression

Linear Regression Slope