This indicator calculates a modified MACD oscillator and signal line alongside a trend EMA filter, plotting the output as a stylized column histogram in a separate pane. Instead of plotting true MACD distance, it quantifies positive and negative histogram mome
Indicator · Pine Script v5 · Own pane
Linear Regression Slope
Linear Regression Slope is a momentum and trend strength indicator that calculates the mathematical slope of a linear regression line using weighted and simple moving averages.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code16
Settings0inputs
LicenceNone statedfile: MPL-2.0
Last update5 months ago27 May 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
16 lines of Pine Script v5 from Tradingview/linearregressionslope.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © goodgains
//@version=5
indicator("LinearRegressionSlope", overlay = false)
// @keywords: linear-regression-slope, lrs-oscillator, wma-sma-difference, zero-line, slope-momentum, trend-strength, regression-angle, price-slope, oscillator-pane, momentum-indicator, linear-trend, slope-calculation, zero-cross, trend-direction, rate-of-change, regression-line, price-deviation, slope-plot, trend-gauge, pane-overlay
f_linearregressionslope(price, length) =>
value = 6 * ( ta.wma(price, length) - ta.sma(price, length) ) / (length - 1)
LRS = f_linearregressionslope(close, 14)
plot(LRS, title = 'LRS', color = color.yellow, linewidth = 2)
plot(0, title = 'Zero', color = color.gray)
Overview
Linear Regression Slope plots the resulting slope oscillator alongside a reference zero line in a separate pane. Crossovers above or below the zero line signal shifting trend directions, helping traders quantify rate of change and trend steepness.
- Linear regression slope mathematical calculation
- Zero line crossover visualization
- Separate pane oscillator display
Details
Published by
g-moe on GitHub
Code credit
goodgains, as written in the script's header
Type
Draws
Separate pane below the chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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