[Metastockusers] Help for calculating slope of Linear Regression Indicator

[<bhabani@xxxxxxxxxxxx>]

<FONT face="Times New Roman" 
size=3>Mr Roy,
<FONT 
face="Times New Roman"> <?xml:namespace prefix = o ns = 
"urn:schemas-microsoft-com:office:office" />I tried with your indicator “Linear Regression Trendline “ from http://users.bigpond.com/prominex/pegasus.htm and found it quite useful.Now I want to know the way to measure the slope of the lower line of this indicator by using which I  can explore and find out the scrips in range bound consolidation phase. After which in can be easier to manually find out the break outs.Sending you the formula from the site mentioned above. Thanks in advance Bhabani  ===========================Linear Regression Trendline===========================---8<--------------------------- { Linear Regression Trendline Channel v2.0 }{ ©Copyright 2004 Jose Silva }{ josesilva22@xxxxxxxxx } EnDay:=Input("end Day",1,31,31);EnMnth:=Input("end Month",1,12,12);EnYear:=Input("end Year",1800,2200,2006);pds:=Input("Linear Regression Trendline periods",2,2520,63);multi:=Input("Channel Standard Deviations", 0,100,2);x:=Input("use Open=1 High=2 Low=3 Close=4 Volume=5 P=6",1,6,4);x:=If(x=1,O,If(x=2,H,If(x=3,L,If(x=5,V,If(x=6,P,C))))); end:=Year()>EnYear OR (Year()=EnYear AND (Month()>EnMnth  OR Month()=EnMnth AND DayOfMonth()>=EnDay));end:=end AND Alert(end=0,2);end:=If(LastValue(Cum(Ref(end,pds)))=0, LastValue(Cum(1))=Cum(1),end); lastValLRI:=LastValue(Highest( If(end,LinearReg(x,pds),0)));lastValLRS:=LastValue(Highest( If(end,LinRegSlope(x,pds),-10000))); adjust:=LastValue(LastValue(Cum(1)) -Highest(If(end,Cum(1),0)));countback:=LastValue(Cum(1))-Cum(1)-adjust;{ rem next line to extend plot to end of chart }countback:=Ref(Ref(countback,-adjust),adjust); LR:=lastValLRI-lastValLRS*countback;restrict:=0-(LastValue(Cum(1))-pds)+adjust;LRT:=Ref(Ref(LR,-restrict),restrict);upLR:=LRT+Stdev(LR,pds)*multi;lwLR:=LRT-Stdev(LR,pds)*multi; upLR;lwLR;LRT ---8<---------------------------    
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