Please Use this Indicator If you understand the risk posed by ; ill explain some below
++ Raw Formulae for the
--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
--You can get alerts when the lower band is crossed/touched based on your settings
--These alerts are not repainting at all.
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
This script is similar to 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
You can customise the ma type but please note; it will change the results of calculation
For user customisations and MTF feature, please use :
Automate TradingView Alerts
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.