Can you help me understand Slope()?

[lookOutBelow]

Can someone help me understand whether I'm doing this right?


Slope(RegressionChannel(35, 2).Middle, 1, 0);

Will this simply give me the angle (in radians) of the regression channel that is 35 periods long? That is what I thought would happen, but I must be mistaken because it is giving me an output that seems off. I'm a little confused on what I should use for start and end bars when I'm inputting in a 35 period Reg Channel. I've tried a few variations and nothing has delivered what I expect.

What I'm attempting to end up with... The equivalent as if I used the Regression Channel indicator (with 35 period) on a chart, and get a value of the angle of those channel lines.

Thanks.

[NinjaTrader_Bertrand]

lookOutBelow, Slope() would return just the rise over run result not the angle in radians or degrees, this would need further conversion.

[lookOutBelow]

Okay thanks. In that case, can you explain what "rise over run" means? Is it simply telling me the regression channel is rising over the length of time I specify? If so, then what are the numbers it is spitting out?

Just wondering how I can use it and possibly convert it to an angle.

Thanks

[NinjaTrader_JoshP]

Rise/run

It just means how much y-axis displacement was there in the Regression Channel (a.k.a. rise) over how many bars it took to rise that much (run).

On a 1 minute chart, if you ran the slope calculation for a period of 5, that would mean 5 minutes for the run or a value of 5. Then whatever the value of the indicator 5 bars ago versus the value of the indicator on the current bar would be the rise and then that difference results in the required values for the slope calculation.