OPEN-SOURCE SCRIPT

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This script calculates the average deviation of the source data from the linear regression. When used with the indicator, it can plot the data line and display various pieces of information, including the maximum average dispersion around the linear regression.

The code includes various user configurations, allowing for the specification of the start and end dates of the period for which to calculate linear regression, the length of the period to use for the calculation, and the data source to use.

The indicator is designed for multi-timeframe use and to facilitate analysis for traders who use regression models in their analysis. It displays a green linear regression line when the price is above the line and a red line when the price is below. The indicator also highlights areas of dispersion around the regression using circles, with bullish areas shown in green and bearish areas shown in red.
Notes de version
Added a function to adjust the linear regression deviation. The indicator adjusts the deviation data calculating only the time period selected by the user interface.
averageindicator-freelinear-regressionmathematicsquantitativeregressionsstatisticstatisticstooltoolsoftitansTrend Analysisvisualindicator

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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