Super simple script.
Trade this at your own risk.
Trade this at your own risk.
//@version=2 strategy(title="LRC", overlay=true) paintbars = input(type=bool, defval=true) len = input(defval=50, minval=1, title="Length") offset = input(defval=1, minval=1, title="Displacement") lr_norm = linreg(close, len, 0) lr_offset = linreg(close, len, offset) plot(lr_norm, linewidth=3, color= blue) plot(lr_offset, linewidth=3, color= red) barcolor(paintbars ? (lr_norm>lr_offset ? green : red) : na) strategy.entry("buy", strategy.long, 10, when=crossover(lr_norm, lr_offset)) strategy.entry("sell", strategy.short, 10, when=crossunder(lr_norm, lr_offset))