iPyWidgets

%matplotlib inline
from ipywidgets import interactive
import matplotlib.pyplot as plt
import numpy as np

def f(m, b):
    plt.figure(2)
    x = np.linspace(-10, 10, num=1000)
    plt.plot(x, m * x + b)
    plt.ylim(-5, 5)
    plt.show()

interactive_plot = interactive(f, m=(-2.0, 2.0), b=(-3, 3, 0.5))
output = interactive_plot.children[-1]
output.layout.height = '350px'
interactive_plot