When using the Linear Regression Slope (LRS) script, it gives the option of providing the output as a “slope” or an “angle.” I understand the slope result but I’m not sure what the “angle” is representing.
For example, when I write a script to show me the 126-day LRS expressed for SPY (S&P 500 etf), the output is 27 (based on closing price of 6/7/21).
Another example would be the 126-day LRS angle for SPX (S&P 500 index). The output is 270, or 10 times the SPX.
On a completely separate note, your CMT study programs are outstanding and were very helpful to me in earning my CMT designation in '20, particularly for someone like me who has spent most of his career (30+ years) on the fundamentals side of the business (I’m a CFA and CAIA charter holder). Thanks again!