Slope Direction Line Indicator: What Does It Show?

The "Slope Direction Line" (SDL) indicator is a technical analysis tool designed to determine the direction of a trend on the chart. SDL displays the slope of the line, which can be used to identify both upward and downward trends. When the line has a positive slope, it signals a price increase, and conversely, a negative slope indicates a decline. Using SDL helps traders not only identify the current trend but also make decisions on when to enter or exit the market during changes in price direction.