OPEN-SOURCE SCRIPT

Function for Least Squares Moving Average

Thank you to alexgrover for putting me wide to this, after putting up with long conversations and stupid questions. Follow him and behold: tradingview.com/u/alexgrover/

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 help determine what direction to take a trade in, but I'm sure there are other, more exotic ways of using it and, if you know how to get your fingers dirty with Pine, you can create more exotic versions of it by modifying the function provided.

Want to learn?

If you'd like the opportunity to learn Pine but you have difficulty finding resources to guide you, take a look at this rudimentary list: docs.google.com/document/d/10t3ZCQAd2dpdTGPYXDKk2hAM_BQ1Zm80tk0VGHViQc4/edit?usp=sharing

The list will be updated in the future as more people share the resources that have helped, or continue to help, them. Follow me on Twitter to keep up-to-date with the growing list of resources.

Suggestions or Questions?

Don't even kinda hesitate to forward them to me. My (metaphorical) door is always open.

functionleastsquareslineartrendlinreglinregslopeLeast Squares Moving Average (LSMA)Moving AveragesslopeTrend Analysis

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 ?


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