OPEN-SOURCE SCRIPT
Updated Linear Regression Cloud
Clouds based on Linear Regression Band.
A cloud forms if the linear regression channel is fully on one side of the channel on higher time frames.
The cloud represents the gap between the upper/lower channel and the baseline on the higher time frame.
The higher time frames have 2x, 4x and 8x the length.
A cloud forms if the linear regression channel is fully on one side of the channel on higher time frames.
The cloud represents the gap between the upper/lower channel and the baseline on the higher time frame.
The higher time frames have 2x, 4x and 8x the length.
Release Notes
update chartOpen-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.