OPEN-SOURCE SCRIPT
Linear Regression
This indicator can be used to determine the direction of the current trend.
The indicator plots two different histograms based on the linear regression formula:
- The colored ones represent the direction of the short-term trend
- The gray one represents the direction of the long-term trend
In the settings, you can change the length of the short-term value, which also influences the long-term as a basis that will be multiplied
The indicator plots two different histograms based on the linear regression formula:
- The colored ones represent the direction of the short-term trend
- The gray one represents the direction of the long-term trend
In the settings, you can change the length of the short-term value, which also influences the long-term as a basis that will be multiplied
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.