Here is the Linear Regression Script For traders Who love rich features
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 line. The default is 1 ++ Alerts On Channel/Range Crossing
Usage ++ Use this for BreakOuts and Reversals ++ This Script is not to be used Independently
Risks Please note, this script is the likes of Bollinger bands and poses a risk of falling in a trend range. Signals may Keep running on the same direction while the market is reversing.
Requests If you have any feature requests, comment below or dm me. I will answer when i can. Feel free to utilize this on your chart and share your ideas
For developers who want to use this on their chart, Please use this script The original formula for calculation is posted there
❤❤❤ I hope you love this. From my heart! ❤❤❤
Notes de version
⋅
update to line thickness
Notes de version
⋅
New Features Addition
++ Display Old Signals ✔️✔️ -- Select All Option In the "Display Signals" ++ Bar Replay For All Users ✔️✔️ -- 1. Draw a vertical line where you want to replay -- 2. Go to Indicator Styles and enable Bar Index -- 3. Hover On your vertical line and check the value of the Bar Index On Indicator Data -- 4. Open Indicator Inputs And Set this number In the "End At Bar Index" -- 5. Go Back To Settings And Disable Bar Index For Normal Chart Zoom
Thanks For the Love, Always Open to More Suggestions ++ Yes This Indicator Can Be Used On Any TimeFrame and Any Pair/Symbol ✔️✔️ ++ There is 'NO REPAINT' recorded, Ignore the tradingview warning unless your Resolution Option is not set to "Same As Symbol" ✔️✔️
Notes de version
⋅
Update Requests
- Added end time confirmation instead of bar index. ✔ - Fix issue mentioned by Jeno ✔ - Customizable Center Line ✔
1. Click Add to Favorites
2. Go to your chart, Click add Indicators > Favorites > Click on Linear Regression ++
3. Click Add Alert, Select the condition As Linear Regression ++, then choose Buy Or Sell,
4. Click Create Alert
chayhuynh88
⋅
@DevLucem,
I only get default and manual calculation.
Thanks
mahesh2306
⋅
Which timeframe is best with this indicator?
curry_leaves_UK
⋅
Hi,
It's working well for 5 minutes on GBP/USD. Do you have any recommendation for combining this with another for Forex? Also in your opinion what time period is best suitable for this to work even better? Thanks.
DevLucem
⋅
@curry_leaves_UK, Works well on all timeframes, Its robust for any type of trading that you are doing, For awesome Backups, use multiple configurations confirmation.
@LucemAnb, very interesting script man! Could you may explain what the good thing is about linear regression and how to combine it properly to be safe? Do you usually set it to a timeframe one level or two higher as the current timeframe? thanks for any help ;)
Unfortunately I still do not know how to set the alerts. Is there an example.
I cannot find BUY and SELL in the alert settings.
Thanks in advance