I'm looking for a way to have the Ninja Indicator LinRegSlope expressed in degrees so I can run some tests across a basket of instruments. Before I get too carried away has anyone already done this or seen this?
Default LinRegSlope code is:
And the output is related to the tick size therefore you can not directly compare ES and 6E, for example.
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The following user says Thank You to Big Mike for this post:
Actually if anyone can check that code it would be great. My weekend hypothesis testing is the "Euro trends more than the ES" thing that came up in another thread. One way I thought to test that was to look at the distributions of LinRegSlope for the two instruments, but that will only work if it is true apples-to-apples math.
Preliminary histograms attached. 20 days of 1 min data.