OPEN-SOURCE SCRIPT

Colorful Regression

Mis à jour

Colorful Regression is a trend indicator. The most important difference of it from other moving averages and regressions is that it can change color according to the momentum it has. so that users can have an idea about the direction, orientation and speed of the graph at the same time. This indicator contains 5 different colors. Black means extreme downtrend, red means downtrend, yellow means sideways trend, green means uptrend, and white means extremely uptrend. I recommend using it on the one hour chart. You can also use it in different time periods by changing the sensitivity settings.

Notes de version

alarm added.

The standard deviation has been added to make it suitable for different time periods, but it may still be good to manually adjust the colors for daily and higher timeframes.

linewidth added.

now more sensitive to extreme price movements.

Notes de version

added plotshape.

Notes de version

-we now use a special MA that gives a later but much more accurate signal. This function determines an average price by taking into account not only the candles before it, but also the candles after it. Although this causes us to receive signals late, we can prevent this delay with the momentum we use. We also understand momentum from colors. in other words, we can have an idea about both momentum and average price with a single indicator.
-the color changed, redder and greener colors are now used for extreme momentum.

Notes de version

offset fixed.

Notes de version

it now has a lot more color tones. I explained the changes in detail in the images:

Notes de version

The length limit has been increased to 1000.

Notes de version

Added contrast section. You can use it to soften or sharpen the color transition.

Improved "buy-sell signal". sample:

Notes de version

bugs fixed.

Notes de version

edit.

Notes de version

buy sell signal added again.

Notes de version

added label on price scale.

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

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