OPEN-SOURCE SCRIPT

Linear Regression - Reverse Up/Down Strategy

Mis à jour

For my first foray into pine script I took the code from the generic "Consecutive up/down" and flipped the logic. I added a linear regression filter to try and stay with the overall trend. ATR added for visual, I eventually want to use it as part of the money management.

Rules to open trade or close the opposite:
IF the linear regression slope is >=0 AND the last candle closes lower, BUY
IF the linear regression slope is <=0 AND the last candle closes higher SELL

Rules to close the opposite:
IF the linear regression slope is >=0 AND the last candle closes higher, close any open SELL
IF the linear regression slope is <=0 AND the last candle closes lower, close any open BUY

Notes de version

Go with or against the Linear Regression trend using pullbacks or looking for breakouts of consecutive bars.

Notes de version

Updated smooth moving average for ATR channel

Notes de version

Added RSI for filtering overbought and oversold conditions

Notes de version

Code cleanup.

Notes de version

moved early exit to after entry to reduce redundant position calls

Notes de version

Set default behavior to go with major trend(200 linear regression slope) and against minor trend pullbacks(4 linear regression slope)

Notes de version

Added a date range function for choosing which date to test.

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.

Vous voulez utiliser ce script sur un graphique ?

bruce.lesko

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