OPEN-SOURCE SCRIPT
Updated Lnear Regression ++
Here is another amazing script for you guys
Target Audience
++ Programmers
++ Linear Regression Enthusiasts
Please Use this Indicator If you understand the risk posed by linear regression; ill explain some below
Features
++ Raw Formulae for the linear regression
--I understand that tradingview explanation on how the linreg function works is not clear to many of you and therefore i included this for developers
--Yes its much simpler than you thought, Do Enjoy
++ Alerts
--You can get alerts when the lower band is crossed/touched based on your settings
--These alerts are not repainting at all.
Linear Regression Limits
As you traders know, the market changes from time and new levels will get drawn
The alerts are based on these new levels and once we have new ones, we keep updating
Risk
This script is similar to Bollinger Bands style of alerts, If the market moves continuously to one direction after the break of a band, The levels change and you may receive a new signal confirmation
Cheers!! Enjoy!! Feel free to ask me for any improvements
Target Audience
++ Programmers
++ Linear Regression Enthusiasts
Please Use this Indicator If you understand the risk posed by linear regression; ill explain some below
Features
++ Raw Formulae for the linear regression
--I understand that tradingview explanation on how the linreg function works is not clear to many of you and therefore i included this for developers
--Yes its much simpler than you thought, Do Enjoy
++ Alerts
--You can get alerts when the lower band is crossed/touched based on your settings
--These alerts are not repainting at all.
Linear Regression Limits
As you traders know, the market changes from time and new levels will get drawn
The alerts are based on these new levels and once we have new ones, we keep updating
Risk
This script is similar to Bollinger Bands style of alerts, If the market moves continuously to one direction after the break of a band, The levels change and you may receive a new signal confirmation
Cheers!! Enjoy!! Feel free to ask me for any improvements
Release Notes
Cleaned Up the code for easier bindingYou can customise the ma type but please note; it will change the results of calculation
For user customisations and MTF feature, please 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.
For quick access on a chart, add this script to your favorites — learn more here.
🤖🤖🤖🤖🤖🤖🤖🤖🤖🤖
Automate TradingView Alerts
tradingview.to/anywhere
🥰😍😍🥰😍😍🥰😍😍🥰
Automate TradingView Alerts
tradingview.to/anywhere
🥰😍😍🥰😍😍🥰😍😍🥰
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.
For quick access on a chart, add this script to your favorites — learn more here.
🤖🤖🤖🤖🤖🤖🤖🤖🤖🤖
Automate TradingView Alerts
tradingview.to/anywhere
🥰😍😍🥰😍😍🥰😍😍🥰
Automate TradingView Alerts
tradingview.to/anywhere
🥰😍😍🥰😍😍🥰😍😍🥰
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.