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spiritualhealer117

Regression Fit Bollinger Bands [Spiritualhealer117]

spiritualhealer117  
Bands and Channels Bollinger Bands (BB) Linear Regression Least Squares Moving Average (LSMA) regression bollingersband meanreversion contrarian
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bandsandchannels bollingerbands linearregression lsma regression bollingersband meanreversion contrarian
This indicator is best suited for mean reversion trading, shorting at the upper band and buying at the lower band, but it can be used in all the same ways as a standard bollinger band.

It differs from a normal bollinger band because it is centered around the linear regression line, as opposed to the moving average line, and uses the linear regression of the standard deviation as opposed to the standard deviation.

This script was an experiment with the new vertical gradient fill feature.
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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