Linear Regression Slope indicator

[Boonfly8]

https://ninjatrader.com/support/helpGuides/nt8/en-us/?linear_regression.htm

I see that this indicator is between the values of +1 and -1, which is some sort of normalization. My question is how exactly is this normalized or just, what does +1 and -1 mean?

[NinjaTrader_Kate]

Hello Boonfly8,

Thank you for your note.

All of our indicators that are included in the platform are available for you to review the code for. You can open the code in the NinjaScript editor and review the logic for the indicator. I would encourage you to do so. You can even save your own copy and add prints to it so you can see what's happening as it steps through the code.

Please let us know if we may be of further assistance to you.

[Tradarr]

Depends on the context you're using the indicator.
If using as a plot on a chart with the default data series on the chart it will display the slope as a line ,it can also be used as a filter in strategies, example if seeking only trades where a moving average or other indicator has a slope greater than 0 which would be trending up.