Linear regression slope indicator

  A statistical technique used to identify the strength and direction of the market trend is using the Linear Regression Slope as this is a centred oscillator type indicator. It fluctuates above and below a central line drawn at 0.

 This indicator can be used to measure the strength or weakness and direction of the momentum.

•  The momentum is positive when the slope is above 0

•  The trend is negative when the slope is below 0. 

Example:
If the normalized slope is 0.2, this means that the regression line is increasing at 0.20% rate per bar.
A slope of -0.50 suggests that the regression line is decreasing at a rate of 0.50% per bar.

Accumulative Swing Index

The Accumulative Swing Index (ASI) is a trendline indicator. Also, we can use it for very good trading entry signals using its high, low and 0 line prices.

Before adopting any indicator, please check to see how accurate this indicator been on the specific market that you want to trade on as each market work well with some indicators.

ASI is good with most stock and indexes.

Also, please be advised that this is just an educational video. Please trade responsibly as you may lose your money.

https://youtu.be/fv4OFgakp1Y