IldarAkhmetgaleev

Least Squares Momentum

575 6 75
This one can replace all my indecators. It shows support/resistance and divergence at same time.
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study(title = "Least Squares Momentum", shorttitle="LSM", overlay=true)

length = input(title="Length", type=integer, defval=14)

source = close

mid = linreg(source, length, 0)
tail = linreg(source, length, length/2)
head = linreg(source, length, -length/2)

plot(head, color=#226622, title='head')
plot(mid, color=#333333, title='mid')
plot(tail, color=#881111, title='tail')
@coondawg71 +1 for my copyleftness. Good ideas hovers in the air, so shouldn't be copyrighted.
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coondawg71 IldarAkhmetgaleev


Linear Regression on the Intercepts


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nice!
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coondawg71 coondawg71


Overlay the different deviation of your liking, I like 1.239 for a breakout, 2.618 for a target and 5.0 for an ultimate target, change in trend
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Looks very familiar...

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I have learned to really like Least Squares ! I have found it to be more useful than 99% of other methods of averaging.
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