[RT] OT: LRS as Overbought Oversold Indicator?

[Brian Keith Voiles <admagic@xxxxxxxx>]

I've attached a 1-minute S&P chart illustrating using a
10-period LRS and a 6-period LRS.  Does it makes sense to
use these together as a sort-of "over-bought over-sold" type
indicator.  Or is there a better way?

Thanks,
Brian Voiles

PS> Here's the code I have on the LRS:

{LRS}
Inputs: Len(10);
Plot1(LinearRegSlope(close,Len),"LRS");
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