Infiten's Regressive Trend Channel

An experiment using Pinescript's candle plotting feature. This indicator performs a linear regression on the lows, highs, and moving average, and plots them all in the form of a candlestick . If the close is below the prediction, the candlestick is red, if the close is above the regression, the candlestick is green. Effective and aesthetic way to analyze trends.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


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