FUN MATH FACT
A Simple LinReg curve could be used to calculate from TradingViews linreg function, quite simple both Arithmetic (Simple) Moving Average if we take as plotting point HALF OFFSET BACK from study periods (Periods/2). This also happens for the Weighted Moving Average if we took A THIRD OFFSET BACK from study periods (Periods/3).
BUY & SELL PRESSURE by Regression Analysis at candle price/volume (Rate-Of-Change)
Ver. 3 By Ricardo M Arjona @XeL_Arjona
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading ...
REGRESION & STATISTICAL BANDS
Ver. 1.00.a by @Xel_Arjona
This is an approach to get in one single indicator both of the best mathematical worlds in bands for technical analysis:
From within the STATISTICAL side, everybody well known the wide use of the STANDARD DEVIATION with a Multiplier Factor from within a Rolling Back MEDIAN (Simple Moving ...