DevLucem

Lnear Regression ++

DevLucem Premium Updated   
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
Release Notes: Cleaned Up the code for easier binding

You can customise the ma type but please note; it will change the results of calculation

For user customisations and MTF feature, please use :

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Automate TradingView Alerts
https://tradingview.to/anywhere
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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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