To complete our previous work on breakouts with pivot point-based levels, we introduce an indicator returning pivot point based trendlines with highlighted breakouts. Users can control the steepness of the trendlines as well as their slope calculation method.
The indicator also includes integrated alerts for trendlines breakouts.
Due to public demand
Linear Regression Formula
Scraped Calculation With Alerts
Here is the Linear Regression Script For traders Who love rich features
++ Multi time frame -> Source Regression from a different Chart
++ Customized Colors -> This includes the pine lines
++ Smoothing -> Allow Filtered Regression; Note: Using 1 Defaults to the original...
Rᴀꜰꜰ Rᴇɢʀᴇꜱꜱɪᴏɴ Cʜᴀɴɴᴇʟ (RRC)
This study aims to automate Raff Regression Channel drawing either based on ZigZag Indicator or optionally User Preference
The Raff Regression Channel , developed by Gilbert Raff, is based on a linear regression, which is the least-squares line-of-best-fit for a price series, with evenly spaced trend lines above and below . The...
This indicator displays a fan using a linear regression fit to the price as a base. All lines are equidistant and are drawn from the first point of the linear regression to the most recent point of the linear regression plus the root-mean-square deviation (RMSD) multiplied by a certain factor.
Length: Lookback period for the linear regression.
Here is another amazing script for you guys
++ Linear Regression Enthusiasts
Please Use this Indicator If you understand the risk posed by linear regression; ill explain some below
++ Raw Formulae for the linear regression
--I understand that tradingview explanation on how the linreg function works is not clear to...
This script consist of two parts: linear SSL and DEMA. The difference between original SSL and current is that it calculated by linear regression. The logic is simple: when SSL "crossunder" and DEMA is above the price - we get short signal. When price became above DEMA and SSL "crossover" - close short.
The Natural Market Slope was created by Jim Sloman and this is one of his many Ocean Indicators which I'm publishing thanks to receiving source materials from @altcoinz and @tmac87. I did completely rewrite the formula for this indicator but I commented out the original calculation so you can compare or just for study purposes. I like this version better because...
In the era of central bank's helicopter money, the market will always be skyrocketing up and up given enough time.
What's the strategy to profit from indices?
Only short the market when its in a state of euphoria /irrational exuberance bubble, or sell when it is confirmed (20% drawdown). Otherwise, you really have no reason not to long at every chance.
Its a pretty old script and i have absolutely no idea how i did it, the code kinda look like the phase wrapping/unwrapping formula. This indicator is an oscillator, sometimes its reactivity is impressive so i think its a good idea to post it, feel free to experiment with it.
Simple way how to use Linear Regression for trading.
What we use:
• Linear Regression
• EMA 200 as a trend filter
Firstly we make two different linear regression movings as oscillator. For this we need to subtract slow moving from fast moving, so we get the single moving around zero. This is the green/red line which appears on the chart.
The trade open...
Hello, this script was created by using Linear Regression Bands Function with variable Function Minkowski Distance Adaptive Period.
Function Linear Regression Bands :
Minkowski Distance Function Original Script by RicardoSantos :
Functions saved from overloads . And suitable for mutable variable periods.
Used with Pearson Correlation. It can be used to make sense of the trends. Very successful results can be obtained with a MACD style indicator and volume indicator that gives Buy and Sell orders.Open for adaptive and mutable variable periods of moving averages. Best regards!
Thank you to alexgrover for putting me wide to this, after putting up with long conversations and stupid questions. Follow him and behold: www.tradingview.com
What is this?
This is simply the function for a Least Squares Moving Average. You can render this on the chart by using the linreg() function in Pine.
Personally I like to use the slope of the LSMA to...