OPEN-SOURCE SCRIPT
Updated Linear Regression Curve - 15 min [blue]
Linear Regression Curve - 15 minute
Linear Regression Curve is a useful measure for technical and quantitative analysis in financial markets that help identifying trends and trend direction. The use of standard deviations gives traders ideas as to when prices are becoming overbought or oversold relative to the long term trend.
The linear regression curve and bands are only available on a 15min chart as it's the most optimal for day trading.
A fast (36 ema) and slow (84 ema) are also provided for possible long/short entries on cross and can be used for support/resistance levels of interest.
When price is above the primary linear regression curve, bias is on the long side. When below, bias will be on the short side.
Based on the work from dgtrd and BigT4X.
Linear Regression Curve is a useful measure for technical and quantitative analysis in financial markets that help identifying trends and trend direction. The use of standard deviations gives traders ideas as to when prices are becoming overbought or oversold relative to the long term trend.
The linear regression curve and bands are only available on a 15min chart as it's the most optimal for day trading.
A fast (36 ema) and slow (84 ema) are also provided for possible long/short entries on cross and can be used for support/resistance levels of interest.
When price is above the primary linear regression curve, bias is on the long side. When below, bias will be on the short side.
Based on the work from dgtrd and BigT4X.
Release Notes
- Add labels- Add 0.5 and 2.5 deviations
- Move styles to option tab
Release Notes
Minor adjustmentsRelease Notes
- Update to use Utility library.- Now available on charts between 5 and 30 minute timeframes.
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.
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.
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.