Hello, this script was created by using Linear Regression Bands Function with variable Function Minkowski Distance Adaptive Period.
Function Linear Regression Bands :
Minkowski Distance Function Original Script by RicardoSantos...
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....
Used with Pearson Correlation. It can be used to make sense of the trends. Very successful results can be obtained with a MACD style indicator and volume indicator that gives Buy and Sell orders.Open for adaptive and mutable variable periods of moving averages. Best regards!
Its a pretty old script and i have absolutely no idea how i did it, the code kinda look like the phase wrapping/unwrapping formula. This indicator is an oscillator, sometimes its reactivity is impressive so i think its a good idea to post it, feel free to experiment with it.
Thank you to alexgrover for putting me wide to this, after putting up with long conversations and stupid questions. Follow him and behold: www.tradingview.com
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...