MrTuanDoan

Linear Regression Trend Channel with Entries & Alerts

Please Use this Indicator If you understand the risk posed by linear regression trend channel

Features

  • Provides trend channel (best value for period is 40 on 5 minute timeframe
  • Provides BUY/SELL entries based on current channel
  • Provides custom color for channel
Best used with MattyPips strategy indicators


Risks: Please note, this script is the likes of Bollinger bands and poses a risk of falling in a trend range.
Entries may keep running on the same direction while the market is moving.
Release Notes: Version 0.2
  • Added alerts for BUY/SELL/GENERAL (both cases)
  • Added previous entries using Look Back
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.

Want to use this script on a chart?
I'm happy to help you improve your trading.
Telegram: @MrTuanDoan