Linear Regression Slope Angle Label

July 16th, 2020, 08:16 PM

I slightly modified this linear regression slop study to include an angle label. I'm looking to further improve it by adding another angle label that changes the angel value as I hover my pointer over the slope line. Can someone please help:

Code

declare lower;

input price = close;
input length = 14;
input displace = 0;
def avg = ExpAverage(close, length);
def height = avg - avg[length];
def Angle_deg = ATan(height/length) * 180 / Double.Pi;
addLabel(1, "Angle Deg " + Angle_deg, Color.WHITE);


Assert(length > 1, "'length' must be greater than one: " + length);

plot LRS = 6 * ( wma(price, length) -  Average(price, length) ) / (length - 1);
plot ZeroLine = 0;

LRS.setDefaultColor(getColor(8));
ZeroLine.setDefaultColor(getColor(5));

July 19th, 2020, 07:12 PM

Hello, currently, TOS script is not given the ability to interact with mouse over or drawing items. It will not do what you are asking. Yet you can script a second label to appear or change colors when certain criteria occur, such as slope change of x% or from n bars past. Perhaps that idea will help.

July 19th, 2020, 07:39 PM

VanDriver

Hello, currently, TOS script is not given the ability to interact with mouse over or drawing items. It will not do what you are asking. Yet you can script a second label to appear or change colors when certain criteria occur, such as slope change of x% or from n bars past. Perhaps that idea will help.

@VanDriver, I appreciate the idea, Thank you!

Linear Regression Slope Angle Label

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Linear Regression Slope Angle Label