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Linear Regression

Everything Bitcoin [Kioseff Trading]Hello! This script retrieves most of the available Bitcoin data published by Quandl; the script utilizes the new request.security_lower_tf() function. Included statistics, True price Volume Difficulty My Wallet # Of Users Average Block Size api.blockchain size Median Transaction Confirmation Time Miners' Revenue Hash Rate Cost Per Transaction Cost % of Transaction Volume Estimated Transaction Volume USD Total Output Volume Number Of Transactions Per Block # of Unique BTC Addresses # of BTC Transactions Excluding Popular Addresses Total Number of Transactions Daily # of Transactions Total Transaction Fees USD Market Cap Total BTC Retrieved data can be plotted as line graphs; however, the data is initially split between two tables. The image above shows how the requested Bitcoin data is displayed. However, in the user inputs tab, you can modify how the data is displayed. For instance, you can append the data displayed in the floating statistics box to the stagnant statistics box. The image above exemplifies the instance. You can hide any and all data via the user inputs tab. In addition to data publishing, the script retrieves lower timeframe price/volume/indicator data, to which the values of the requested data are appended to center-right table. The image above shows the script retrieving one-minute bar data. Up arrows reflect an increase in the more recent value, relative to the immediately preceding value. Down arrows reflect a decrease in the more recent value relative to the immediately preceding value. The ascending minute column reflects the number of minutes/hours (ago) the displayed value occurred. For instance, 15 minutes means the displayed value occurred 15 minutes prior to the current time (value). Volume, price, and indicator data can be retrieved on lower timeframe charts ranging from 1 minute to 1440 minutes. The image above shows retrieved 5-minute volume data. Several built-in indicators are included, to which lower timeframe values can be retrieved. The image above shows LTF VWAP data. Also distinguished are increases/decreases for sequential values. The image above shows a dynamic regression channel. The channel terminates and resets each fiscal quarter. Previous channels remain on the chart. Lastly, you can plot any of the requested data. The new request.security_lower_tf() function is immensely advantageous - be sure to try it in your scripts!
Pine Script® indicator
by KioseffTrading
32
[Fedra Algotrading Strategy 2tp+L&S] Futures Long or ShortStrategy for crypto market, designed for automatic algorithmic trading with bots. Can place long and short orders Calculates your entries based on the breakout of the simple deviation of the linear regression of the last X periods. Configures TP (green line) and SL (red line) percentages, the TP is a trailing TP. Optionally, you can set a first TP (white line) that sells half of the position. Advanced trend filter to not open trades against the market. SMA (yellow line), WMA (blue line) and secret sauce Includes an advanced system to control the backtest period (choose how many days to backtest). Risk management by volume of capital or amount of losing trades (kill switches that will exit the trade and stop the script) The script includes default commissions of 0.2% per trade (configurable). - Dinamic table with Price positions to plan your limit orders if you are trading manually - Highly customizable and optimizable. If you want to trade longs and shorts, it is advisable to create 2 different alerts. In most cases, the optimal parameters for longs are not the same as for shorts. In a forthcoming update I will enable separate configurations. For better performance the script uses real time price information, for this reason Tradingview may warn you that there is "repainting", as the backtest information does not contain the information of each tick but only the open, close, high and low values of each candle. To avoid this, you can disable the "calculate on every tick" option from the strategy settings panel.
Pine Script® strategy
by Fedra_Algotrading
13
SMI MTF 4-Colored MAs (jkf)Four linear moving averages of varying frequency. Reading the moving averages is an art. If looking at a Daily price chart (for example): For bullish trades, I like to see the yellow (longest term) moving average moving higher, but timing can be improved by respecting the shorter term lines, especially the black (shortest term). For further support of your hypothesis, switch the frequency to Weekly, and validate that is supportive as well. Warning: "Lookahead" is set to on, so large price swings can alter prior day readings.
Pine Script® indicator
by simplenothing
2
Trend Line wi 3-PointsHello, my friends. This is a new version of the trend line regression indicator, which always finds quantitive trend lines with three key points. (1) Indicator description This indicator finds a trend line with three key points on the historical K-line Solving the problem of calculation timeout based on a faster trend line regression algorithm Supports filtering unwanted trend lines by setting a trendline strength threshold It's suitable for most markets and timeframes (2) Key parameters - Pivot High/Low Settings Pivot Lookback Left: Number of K-lines to look back left from the pivot top/bottom Pivot Lookback Right: Number of K-lines to look back right from the pivot top/bottom - Trend Line Regression Max of Lookback Forward: The maximum number of historical K-lines Min Regression Strength: The minimum strength threshold for trend line regression Multiply Regression Std: The width of the trend line to display on the chart (3) Script description Due to some circumstances that I don't want to see, subsequent scripts will not be open source, but you can still use the script for free. Thanks for your understanding and support! If you have any suggestions or comments about the script, please feel free to leave your comments! Happy trading, and enjoy your life! ———————————————————————————————————————— 各位朋友大家好，这是一个全新的趋势线回归指标。该指标总是会找到在图表中具有3个关键点的合理趋势线 (1) 指标说明 该指标在历史K线上找到具有3个关键点的趋势线，并绘制于图表上 基于更快速的趋势线回归算法，解决了计算超时的问题 支持通过设置趋势线强度阈值过滤不需要的趋势线 该指标适用于大部分市场和时间周期 (2) 关键参数 - Pivot High/Low Settings Pivot Lookback Left: 枢纽顶/底点往左回顾的 K线 数量 Pivot Lookback Right: 枢纽顶/底点往右回顾的 K线 数量 - Trend Line Regression Max of Lookback Forward: 回顾历史 K线 的最大数量 Min Regression Strength: 趋势线回归的最小强度阈值 Multiply Regression Std: 趋势线的显示宽度 (3) 脚本说明 因为出现了一些我不希望看到的情况，后续的脚本将不再开源代码，但是您依然可以免费使用该脚本，感谢理解和支持！ 如果您存在对于该脚本的使用建议或者意见，欢迎各位留言！ 祝大家交易愉快
Pine Script® indicator
by dandrideng
5
[k4d] DCA SniperFrench text below / Texte en Français plus bas TL;DR DCA Sniper is an indicator that tells you the perfect time to do DCA, the bottoms areas are indicated by red bars, the buy signal is given when a yellow bar appears. "DCA Sniper" aims to help you make DCA (Dollar Cost Average) smarter. Instead of buying your cryptos at a regular rate, this script will send you an alert at an opportune moment when the prices are touching, or are close to, a bottom. The script works on several time intervals, the smaller the interval the more signals you will get... so you can try with several time slots and choose the one that gives you the best signals for your strategy. How to use this indicator The indicator scans the price evolution in real time and displays grey bars When it detects a potential bottom, the bars become darker When the bottom is near, the bars turn red Finally, when a potential bottom is detected, a yellow bar is displayed => it's time to buy Warning: Since the indicator works in real time, a bar can change color as long as the current candle is not closed. A yellow bar may very well turn red and thus cancel the signal. So wait for the close before making a decision. Settings This version of the indicator has only two settings: Use Candlesticks filter: If this box is checked, the script will try to eliminate false signals based on candlestick patterns. Use LinReg filter: If this box is checked, the script uses the "LinReg length" value to apply a linear regression and filters out all bottoms that fall within a standard deviation of the linear regression. Before using DCA Sniper This indicator was not developed for trading, although it can give good potential entries. If you use it for trading, please manage your risk well and share your feedback :) ==================================================================== Résumé DCA Sniper est un indicateur qui vous indique le moment parfait pour faire du DCA, les zones de bottoms sont indiquée par des barres rouges, le signal d'achat est donné lorsqu'une barre jaune apparait. "DCA Sniper" a pour objectif de vous aider à faire du DCA (Dollar Cost Average) plus intelligement Au lieu d'acheter vos crypto à un rythme régulier, ce script va vous envoyer une alerte à un moment opportun ou les prix touchent, ou sont proches, d'un bottom. Le script fonctionne sur plusieurs intervals horaires, plus l'interval est petit plus vous aurez des signaux ... vous pouvez donc essayer avec plusieurs tranches horaires et choisir celle qui vous donnent les meilleurs signaux pour votre stratégie. Comment utiliser cet indicateur L'indicateur scan l'évolution des prix en temps réel et affiche des barres grises Lorsqu'il détecte une zone de bottom potentiel, les barres deviennent plus foncées Lorsque le bottom est proche les barres deviennent rouges Enfin, lorsqu'un bottom potentiel est détecté, une barre jaune s'affiche => c'est le moment d'acheter Attention Puisque l'indicateur fonctionne en temps réel, une barre peut changer de couleur tant que la bougie actuelle n'est pas cloturée. Une barre jaune peut très bien devenir rouge et annule donc le signal. Il faut donc attendre la cloture avant de prendre une décision. Réglages Cette version de l'indicateur propose seulement deux réglages : Use Candlesticks filter : Si cette case est cochée, le script va essayer d'éliminer des faux signaux en se basant sur des patterns de bougies. Use LinReg filter : Si cette case est cochée, le script utilise la valeur "LinReg length" pour appliquer une regression linéaire et filtre tous les bottoms qui se retrouvent au sein d'une déviation standard de la régression linéaire. Avant d'utiliser DCA Sniper Cet indicateur n'a pas été développé pour faire du trading, bien qu'il puisse donner de bonnes entrées potentielles. Si vous l'utilisez pour du trading, gérer bien votre risque et partagez vos retours :)
Pine Script® indicator
by k4d
8
Trend Line RegressionThis is a fast trend line regressor based on least squares regression. (1) Supports setting regression from the Nth candle (2) Supports the minimum and maximum regression candle interval length (3) Supports finding the optimal regression region based on the length step among the minimum and maximum regression region lengths (4) Supports displaying the optimal regression level (5) The size of the regression region is 0.5 times the standard deviation by default (6) You can filter the trend line by setting minimum trend line regression level (6) Please properly set the parameters to avoid calculation timeout Enjoy! 这是一个基于最小二乘法回归的快速趋势线回归 (1) 支持从第N根蜡烛开始设置回归 (2) 支持最小和最大的回归蜡烛区间长度 (3) 支持在最小和最大回归区间长度的基础上寻找最佳回归区域 (4) 支持显示最佳回归水平 (5) 回归区域的大小默认为标准差的0.5倍 (6) 可以通过设置最小趋势线回归等级来过滤趋势线 (6) 请正确设置参数以避免计算超时 使用愉快!
Pine Script® indicator
by dandrideng
9
Price Region RegressionThis is an optimized price range regressor based on least squares regression. (1) Supports setting regression from the Nth candle (2) Supports the minimum and maximum regression candle interval length (3) Supports finding the optimal regression region based on the length step among the minimum and maximum regression region lengths (4) Supports displaying the optimal regression level (5) The size of the regression region is two times the standard deviation by default 这是一个基于最小二乘回归的价格区间回归指标 (1) 支持设置从第N个蜡烛开始回归 (2) 支持最小和最大回归蜡烛的区间长度 (3) 在最小和最大回归区间长度中，根据长度步进寻找最优的回归区间 (4) 支持显示最优回归等级 (5) 回归区间的大小默认为2倍标准差
Pine Script® indicator
by dandrideng
4
[_ParkF]Linreg & Trendlines* The script has been uploaded again. Linear regression and trendline not only facilitate trend identification, but also identify support and resistance within it, and linear regression and trendline departure can detect trend changes, which are useful in trading. Linear regression and trend lines are shown in the chart. It offers a variety of options, length, color, thickness, on/off switch, etc. I hope it will help you with your trading. hope you become rich! --------------------------------------------------------------------------------------------------------------------------- * 스크립트가 다시 업로드 되었습니다. 선형 회귀(채널) 및 추세선은 추세 식별을 용이하게 할 뿐만 아니라, 또한 그 안에서 지지와 저항을 식별하고, 선형 회귀(채널) 및 추세선 이탈은 거래에 유용한 추세 변화를 감지할 수 있습니다. 선형 회귀(채널) 및 추세선이 차트에 표시됩니다. 길이, 색상, 두께, 온/오프 스위치 등 다양한 옵션을 제공합니다. 거래에 도움이 되셨으면 합니다. 부자되세요! --------------------------------------------------------------------------------------------------------------------------- * I would like to express my gratitude to zdmre for revealing the linear regression source.
Pine Script® indicator
by ParkF
17
Cashew NutsThis indicator used the average regression of stock prices. In general, stock prices show how they form new prices when they are outside the average price or range. Therefore, when stock prices show an average price flow, if you take both long and short positions, you will have an opportunity to convert the spread into profit in the meantime. How to use - When the direction is determined from the average price, and when the direction is up, it is generally interpreted as a drop as soon as it deviates from the resistance line. When the direction is determined from the average price, and when the direction is lowered, it is generally expected to rise as soon as it breaks the support line. Precautions - These indicators do not guarantee profits.
Pine Script® indicator
by Yonggg92
[_ParkF]MFI+Added the Moneyflow Index indicator. Divergence signals and diversion lines are drawn. Support and resistance were also confirmed when linear regression and trend lines were used for the Moneyflow Index. Two linear regression and two trend lines are drawn. Because the two linear regression values are different, you can see the support and resistance of long-term and short-term linear regression. Since the periodic values of the two trend lines are also different, support and resistance that could not be identified in linear regression can be identified. Each linear regression line and trend line can be turned on or off. In addition, each linear regression line and trend line can arbitrarily modify period values and deviation values. I hope it will help you trade. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 머니플로우인덱스 지표를 추가하였습니다. 다이버전스 신호와 다이버전스 라인이 그려집니다. 머니플로우인덱스에도 선형회귀와 추세선을 이용했을 때 지지와 저항이 확인이 되었습니다. 2개의 선형회귀와 2개의 추세선이 그려지고 두 선형 회귀 값은 서로 다르기 때문에 장기 및 단기 선형 회귀의 지지 및 저항을 확인할 수 있습니다. 두 추세선의 주기 값도 다르므로 선형 회귀 분석에서 확인할 수 없었던 지지 및 저항을 확인할 수 있습니다. 각 선형 회귀선 및 추세선은 켜거나 끌 수 있습니다. 또한 각 선형 회귀선 및 추세선은 주기 값과 편차 값을 임의로 수정할 수 있습니다. 당신의 트레이딩에 도움이 되었으면 합니다. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- * I would like to express my gratitude to zdmre for revealing the linear regression source. * I would like to express my gratitude to aaahopper for revealing the trendlines source.
Pine Script® indicator
by ParkF
1
[_ParkF]RSI+RSI ----- UPGRADE ----> RSI+ ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- The RSI index has been upgraded. The display function of RSI Candle, RSI Line, Divergence, and Divergence Line, which were previous functions, has been maintained. As an upgrade, two linear regression and two trend lines are drawn. Since the two linear regression values are different, support and resistance of long-term and short-term linear regression can be confirmed. The two trend lines also have different period values, so it is possible to check support and resistance that could not be confirmed in linear regression. Each linear regression and trend line can be turned on and off. In addition, each linear regression and trend line can arbitrarily modify period values and deviation values. Log charts and linear chart switches have been added to the trend line. I hope it will help you with your trading. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- RSI 인덱스가 업그레이드되었습니다. 기존 기능이었던 캔들, 라인, 다이버전스, 다이버전스 라인의 디스플레이 기능은 그대로 유지됐다. 업그레이드로 두 개의 선형 회귀 분석과 두 개의 추세선이 그려집니다. 두 선형 회귀 값은 서로 다르기 때문에 장기 및 단기 선형 회귀의 지지 및 저항을 확인할 수 있습니다. 두 추세선의 주기 값도 다르므로 선형 회귀 분석에서 확인할 수 없었던 지지 및 저항을 확인할 수 있습니다. 각 선형 회귀선 및 추세선은 켜거나 끌 수 있습니다. 또한 각 선형 회귀선 및 추세선은 주기 값과 편차 값을 임의로 수정할 수 있습니다. 로그 차트 및 선형 차트 스위치가 추세선에 추가되었습니다. 당신의 트레이딩에 도움이 되었으면 합니다. * I would like to express my gratitude to zdmre for revealing the linear regression source. * I would like to express my gratitude to aaahopper for revealing the trendlines source.
Pine Script® indicator
by ParkF
13
[_ParkF]RSI (+ichimoku cloud)RSI Typical RSI indicators were plotted with candles and expressed wick to resemble a candle chart, and linear regression was added to predict changes in force intensity, which allowed us to confirm support and resistance within linear regression . In addition, divergence signal was marked as an additional basis for the price fluctuation point due to support and resistance . In other words, if the diversity signal appears together when the rsi candle is supported and resisted within linear regression , this is the basis for predicting that it is a point of change in the existing trend. Finally, the period value and standard deviation of linear regression can be arbitrarily modified and used. I hope it will help you with your trading. -------------------------------------------------------------------------------------------------------------------------------------------------------------- (+ichimoku cloud) Clouds made of the preceding span 1 and the preceding span 2 of the balance table can predict the trend by displaying the current price balance ahead of the future. In addition to the role of clouds in the above-described balance sheet, this indicator also shows the cloud band support and resistance of the current RSI value. 일반적인 RSI 지표를 캔들화 하였고 꼬리까지 포함하여 캔들 차트와 유사하게 표현 하고, 캔들화한 RSI 지표에 선형회귀(채널)를 추가 하여 RSI 지표 특유의 힘의 강도의 변화를 지지와 저항으로 확인할 수 있게 해봤습니다. 또한 다이버전스 신호를 추가하여 선형회귀(채널)로 인한 지지와 저항에 따른 가격 변동의 근거로 삼을 수 있습니다. 즉, 선형회귀(채널) 안에서 RSI 캔들이 지지와 저항을 받을 때 다이버전스 신호가 함께 나타난다면 이는 기존 추세의 변화 지점임을 예측해 볼 수 있는 근거가 됩니다. 마지막으로 선형회귀(채널)의 기간값과 표준편차는 임의로 수정하여 사용할 수 있습니다. 당신의 트레이딩에 도움이 되었으면 합니다. -------------------------------------------------------------------------------------------------------------------------------------------------------------- (+일목균형표의 구름) 일목균형표의 선행스팬1과 선행스팬2로 만들어진 구름은 현재 가격의 균형을 미래에 선행하여 표시하여 추세를 예측해볼 수 있습니다. 본 지표에서는 위에서 설명한 일목균형표의 구름의 역할과 더불어 현 RSI 값의 구름대 지지, 저항 또한 확인해볼 수 있습니다. * I would like to express my gratitude to zdmre for revealing the linear regression source.
Pine Script® indicator
by ParkF
11
[_ParkF]RSIRSI Typical RSI indicators were plotted with candles and expressed wick to resemble a candle chart, and linear regression was added to predict changes in force intensity, which allowed us to confirm support and resistance within linear regression. In addition, divergence signal was marked as an additional basis for the price fluctuation point due to support and resistance. In other words, if the diversity signal appears together when the rsi candle is supported and resisted within linear regression, this is the basis for predicting that it is a point of change in the existing trend. Finally, the period value and standard deviation of linear regression can be arbitrarily modified and used. I hope it will help you with your trading. 일반적인 RSI 지표를 캔들화 하였고 꼬리까지 포함하여 캔들 차트와 유사하게 표현 하고, 캔들화한 RSI 지표에 선형회귀(채널)를 추가 하여 RSI 지표 특유의 힘의 강도의 변화를 지지와 저항으로 확인할 수 있게 해봤습니다. 또한 다이버전스 신호를 추가하여 선형회귀(채널)로 인한 지지와 저항에 따른 가격 변동의 근거로 삼을 수 있습니다. 즉, 선형회귀(채널) 안에서 RSI 캔들이 지지와 저항을 받을 때 다이버전스 신호가 함께 나타난다면 이는 기존 추세의 변화 지점임을 예측해 볼 수 있는 근거가 됩니다. 마지막으로 선형회귀(채널)의 기간값과 표준편차는 임의로 수정하여 사용할 수 있습니다. 당신의 트레이딩에 도움이 되었으면 합니다. * I would like to express my gratitude to zdmre for revealing the linear regression source.
Pine Script® indicator
by ParkF
11
Tillson IE/2 [CC]The IE/2 was created by Tim Tillson (Stocks and Commodities Jan 1998) and this is a practically undiscovered gem because in that same article he goes on to to create the popular T3 moving average and the GDEma but practically no one seemed to notice the IE2 or maybe it is just my imagination. Anyway this indicator name is short for Integral of Linear Regression Slope + Endpoint Moving Average / 2 so you can why it was shortened to IE/2. Like the name implies this takes two variations of smoothing that complement each other and averages them together to in theory get the benefits of each. The EPMA is much noiser but follows the data more closely and the complete opposite for the ILRS so you can see the idea in action. Like all of my indicators I include strong buy and sell signals in addition to normal ones so strong signals are darker in color and normal signals are lighter in color. Buy when the line turns green and sell when it turns red. Let me know if there are any other indicators or scripts you would like to see me publish!
Pine Script® indicator
by cheatcountry
6
Soldi OscillatorThe Soldi Oscillator measures the mean of logarithmic returns, given this data you can assume market expectancy in returns of the mean. When seeing positive Means you can assume positive returns will follow positive returns if positive autocorrelation is present. Vice versa for the other event of negative returns. How you can effectively use this indicator and oscillator is by looking at a higher time frame and if the oscillator is positive, you can go to a lower timeframe and try to trade in that direction of the market as the expected returns are positive in nature. You can also spot trend divergences very well as the trend continues but the returns are dropping that means the returns are mean reverting and can have a potential to flip to the other side
Pine Script® indicator
by MMCFX
Linear Regression Relative Strength[image/x/iZvwDWEY/ Relative Strength indicator comparing the current symbol to SPY (or any other benchmark). It may help to pick the right assets to complement the portfolio build around core ETFs such as SPY. The general idea is to show if the current symbol outperforms or underperforms the benchmark (SPY by default) when bought some certain time ago. Relative performance is displayed as percent and is calculated for three different time ranges - short (1 mo by default), mid (1 quarter), and long (half a year). To smooth the volatility, the script uses linear regression to estimate the trend and takes the start and the end points of the linear regression line to compute the relative strength. It is important to remember that the script shows the gain relative to SPY (or other selected benchmark), not the asset's gain. Therefore, it may indicate that the asset is profitable, but it still may lose value if SPY is in downtrend. Therefore, it is crucial to check other indicators before making a decision. In the example above, standard linear regression for one quarter is used to indicate the direction of the trend.
Pine Script® indicator
by gaperton
2
Trends_2022Hello everyone, we are developing a strategy which is suited for people that likes to trade in small time frames. Our strategy uses many indications for entries. These indicators can be used individually or better solution we combined them together for best prediction. These indications like True Range, Average True Range , moving averages also previous bars highs, lows and closes values and finally mathematical equations to decide close price wave movement. Most of the work is in scaling price data and comparing them with the indicators to decide trend The strategy is planned to go only long direction.. now we will discuss how each indicator is used to decide trend * According to ATR trend prediction ... it is up when the scaled bar price greater than ATR value it turns down when the scaled bar price is less than ATR value * According to MAs trend prediction ... we use SMA and previous bar data averages then apply linReg ( Linear regression curve) this result in curve up and down zero it is up when the value is up zero it turns down when the value is down zero * According to close price wave movement ... we applied cos function on previous bars close data to get the sloping wave of close movement If the slope is increasing ... this means the current wave value is greater than the previous value If the slope is decreasing ... this means the current wave value is less than the previous value Now as we mentioned before... The strategy goes only long direction. LONG ENTRY Conditions (ANDing condition not ORing): we can use any one of these indicators individually, or mix any two of them or use them all simultaneously So... LONG ENTRY Conditions are as below: if ATR trend is used .. it should be UP. if MAs trend used .. it should be > 0. if close wave slope is used .. it should be increasing. On the other side… the Exit conditions are also (ANDing condition not ORing): So... LONG Exit Conditions are as below: if ATR trend is used .. it should be down. if MAs trend used .. it should be < 0. if close wave slope is used .. it should be decreasing. Please send me private message for script authorization. Happy trading everyone!
Pine Script® strategy
by alreshaidan
Fusion: Trend and thresholdsThis is your basic single moving average but with a "slope" component. The idea here is that once a slope reaches a value great enough you should probably only trade with the trend so this indicator allows you to set that threshold separately for going long and short. The indicator is designed to display on both the main chart and a separate chart area. If you want to display it on the main chart then the quick way is to just check the "On main chart" option and it will disable off main chart items and then just move it to the main chart. There's half a dozen or so moving average types to select from so you will probably find one that suits you pretty well. Once a threshold is reached you will get a signal showing the trend is strong enough where you probably should not trade in the opposite direction. There is a "normalize" option which will fix the oscillator to a maximum of 100. The upside of this is that you can be more consistent in your settings of a threshold. The down side is that normalization happens over a predefined number of bars so it's a floating number, not an absolute number however I set the number of bars default to 3,000 so it should be pretty close to ideal. I haven't found a perfect way of getting a consistent maximum on the oscillator as a benchmark yet so if anyone has any ideas please contact me and I'll do an update. I may look into using percentage rank instead of normalization. I like to see it as both an oscillator and on the main chart so I generally have two copies. The settings are certainly not optimized so set to whatever suits your needs as my defaults will probably be wrong for you. The code is structured to easily drop into a bigger system so use it as a lone indicator or add the code to some bigger project you are creating. If you do, send me a note, it would be nice to know it's being well used. Finally, if you find value please do make a comment, give a thumbs up etc. Enjoy and good luck!
Pine Script® indicator
by Koalems
Projection Bands [CC]The Projection Bands were created by Mel Widner (Stocks and Commodities Jul 1995) and this indicator and the other two that rely on this one (I will publish them later) are very underappreciated in my humble opinion. The biggest strength of this indicator is the fact that it is a leading indicator for dramatic price movements. As you can see in my example chart it consistently gives great exit points before a downturn. I have included strong buy and sell signals in addition to normal ones so strong signals are darker in color and normal signals are lighter in color. Buy when the line turns green and sell when it turns red. Let me know if there are any other indicators or scripts you would like to see me publish!
Pine Script® indicator
by cheatcountry
9
Linear Regression 200/100/50/20Four time frames in one indicator in different colors, showing current price trend in different scopes. If the slope of the smaller time frame is in a (0,75;1,25) interval of some of the bigger ones the smaller one is omitted (different signs near zero are not coalesced in that way though). Every time frame has four deltas of range in trend lines of different grade of transparency (2-1-4-3), as well as a vertical line denoting regression date range start, also bearing the same color (blue-red-green-gray for 200/100/50/20). On the right of the latest bar are Pearson coefficients and slopes of the regressions, 200/100/50/20 bottom-up, also appropriately colored.
Pine Script® indicator
by btrnc
7