Slope
The slope indicator measures the rise-over-run of a linear regression, which is the line of best fit for a price series. Fluctuating above and below zero, the Slope indicator best resembles a momentum oscillator without boundaries. It is not well suited for overbought/oversold levels, but can measure the direction and strength of a trend. It can also be used with other indicators do identify potential entry points within an ongoing trend. (stockcharts.com...school/doku.php?id=chart_s...)
study("Slope")
lrp = input(2, title="Linear Regression Period")
stf = input(2, title="Slope Time Frame")
lr = linreg(close, lrp, 0)
ch = lr-lr[stf]
plot(ch/stf)
hline(0)