Plot three linear regression channels using alexgrover 's Computing The Linear Regression Using The WMA And SMA indicator for the linear regression calculations.
Settings
Length : Number of inputs to be used
Source : Source input of the indicator
Midline Colour : The colour of the midline
Channel One, Two, and Three Multiplicative Factor :...
A take on alexgrover 's Optimized Linear Regression Channel script which allows users to apply multiple linear regression channel with unique multiplicative factors.
Multiplicative Factors
Adjust the amount of channels and multiplicative factors of existing or additional channels using the "Mults" input.
An input of "1" creates a single linear regression...
DB Change Forecast Pro
What does the indicator do?
The DB Change Forecast Pro is a unique indicator that uses price change on HLC3 to detect buy and sell periods along with plotting a linear regression price channel with oversold and undersold zones. It also has a linear regression change forecast mode to optionally project market direction.
Change is...
The Leavitt Convolution indicator was created by Jay Leavitt (Stocks and Commodities Oct 2019, page 11), who is most well known for creating the Volume-Weighted Average Price indicator. This indicator is very similar to my Leavitt Projection script and I forgot to mention that both of these indicators are actually predictive moving averages. The Leavitt...
Relative Strength Index with Moving Average, Linear Regression, Zig Zag (Highs and Lows), Divergence, Ichimoku Cloud, Moving Average Convergence Divergence and True Strength Index Histogram
This script is based on zdmre's RSI script, I revamped a lot of things and added a few indicators from ParkF's RSI script.
Disable Labels in the Style tab and the histogram if...
This is an experimental signal providing script for scalper that uses 2 of open source indicators.
First one provides the signals for us called Andean Oscillator by @alexgrover . We use it to create long signals when bull line crosses over signal line while being above the bear line. And reverse is true for shorts where bear line crosses over signal line...
These channels are generated from the current values of the linear regression channel indicator, the standard deviation is calculated based off of the RSI . This indicator gives an idea of when the linear regression model predicts a change in direction.
You are able to change the length of the linear regression model, as well as the size of the zone. A negative...
Relative slope metric
Description:
I was in need to create a simple, naive and elegant metric that was able to tell how strong is the trend in a given rolling window. While abstaining from using more complicated and arguably more precise approaches, I’ve decided to use Linearly Weighted Linear Regression slope for this goal. Outright values are useful, but the...
A mathematically elegant, native & modern way how to measure velocity/ strength/ momentum. As you can see it looks like MACD, but !suddenly! has N times shorter code (disregard the functions), and only 1 parameter instead of 3. OMG HOW DID HE DO IT?!?
MACD: "Let's take one filter (1 parameter), than another filter (2 parameters), then let's take dem difference,...
Hi fellow traders..
Happy to share a Linear Regression & RSI Multi-Function Custom Screener with Table-Labels...
The Screener scans for Linear Regression 2-SD Breakouts and RSI OB/OS levels for the coded tickers and gives Summary alerts
Uses Tables (dynamica resizing) for the scanner output instead of standard labels!
This Screener cum indicator collection has...
Hello Traders,
There are several nice Linear Regression Channel scripts in the Public Library. and I tried to make one with some extra features too. This one can check if the Price breaks the channel and it shows where is was broken. Also it checks the momentum of the channel and shows it's increasing/decreasing/equal in a label, shape of the label also...
This is my first public release of indicator code and my PSv4.0 version of "Linear Regression Channel", as it is more commonly known. It replicates TV's built-in "Linear Regression" without the distraction of heavy red/blue fill bleeding into other indicators. We can't fill() line.new() at this time in Pine Script anyways. I entitled it Linear Regression Trend...
The original script was posted on ProRealCode by user Nicolas.
This is an indicator made of the linear regression applied to the rate of change of price (or momentum). I made a simple signal line just by duplicating the first one within a period decay in the past, to make those 2 lines cross. You can add more periods decay to made signal smoother with less false entry.
experimental:
draws a line from 2 vectors(price, time)
update:
reformatted the function,
added automatic detection of the period multiplier by approximation(gets a bit goofy with stocks/week time),
example using timestamp() function.
offsetting is still bugged, i cant find a way around it atm.
In the era of central bank's helicopter money, the market will always be skyrocketing up and up given enough time.
What's the strategy to profit from indices?
Only short the market when its in a state of euphoria /irrational exuberance bubble, or sell when it is confirmed (20% drawdown). Otherwise, you really have no reason not to long at every chance.
...
Version 2 - Linear Regression Slope. This version will have more freedom on picking your own length for all the Inputs.
One of the main reason I changed it is because, Slope calculation on transition period was not being computed properly. Because the Version 1, looks back the length assigned, and compute the slope based on two candle readings, could be 10 days...
![BTCUSD.P: Leavitt Convolution [CC]](https://s3.tradingview.com/d/D88toq6C_mid.png "Leavitt Convolution [CC]")
![NAS100: [STRATEGY] Follow the Janet Yellen](https://s3.tradingview.com/q/qEc9DKoP_mid.png "[STRATEGY] Follow the Janet Yellen")
![EURUSD: [RS]Average Advance and Decline Lines V0](https://s3.tradingview.com/i/iYDwXvLF_mid.png "[RS]Average Advance and Decline Lines V0")
