Regression Line Formula — Indicator by alexgrover

A regression line is simply a single line that best fits the data.

In the pinescript you can plot a linear regression line using the linreg function.

Here i share the entire calculation of the linear regression line, you are free to take the code and modify the functions in the script for creating your own kind of filter.

Hope you enjoy :)

Check out the indicators we are making at luxalgo: www.tradingview.com/u/LuxAlgo/

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.

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.

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