OPEN-SOURCE SCRIPT
Nadaraya Watson (Lupown) / Owl of Profit remake
Nadaraya-Watson Strategy (Lupown)
Big thanks to Lupown for this innovative strategy! This source code is subject to the terms of the Mozilla Public License 2.0, available at mozilla.org/MPL/2.0/.
This strategy leverages Nadaraya-Watson Kernel Regression to provide predictive trend analysis, combined with ATR-based dynamic bands for identifying trade opportunities.
Features:
Nadaraya-Watson Kernel Regression:
Predicts price trends using a rational quadratic kernel.
Configurable parameters for lookback window (h) and weighting (r) allow fine-tuning.
Regression begins after a customizable number of bars for improved accuracy.
ATR-Based Bands:
Upper and lower bands are calculated by adding/subtracting a multiple of ATR to/from the regression estimate.
Bands serve as dynamic support and resistance levels.
Trend Detection:
Smooth or reactive color changes based on crossovers or rate-of-change mechanisms.
Bullish and bearish trend shifts are clearly visualized.
Entry and Exit Logic:
Long Condition:
Triggered when the price crosses below the lower ATR-based band.
Closes any short position before opening a long position.
Short Condition:
Triggered when the price crosses above the upper ATR-based band.
Closes any long position before opening a short position.
Visualization:
Regression Estimate: The middle band is plotted with dynamic colors indicating bullish (green) or bearish (red) trends.
ATR-Based Bands: Upper and lower bands are displayed as green and red lines, respectively.
Trend Indicators: Buy and sell signals are visualized with symbols (🍀 for bullish and 🥀 for bearish).
Alerts:
Alerts for price crossing the upper or lower bands.
Alerts for bullish and bearish trend shifts based on regression changes.
This strategy provides a robust framework for predictive trading using statistical regression and dynamic volatility bands. Use it for backtesting and further customization to fit your trading needs.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
Big thanks to Lupown for this innovative strategy! This source code is subject to the terms of the Mozilla Public License 2.0, available at mozilla.org/MPL/2.0/.
This strategy leverages Nadaraya-Watson Kernel Regression to provide predictive trend analysis, combined with ATR-based dynamic bands for identifying trade opportunities.
Features:
Nadaraya-Watson Kernel Regression:
Predicts price trends using a rational quadratic kernel.
Configurable parameters for lookback window (h) and weighting (r) allow fine-tuning.
Regression begins after a customizable number of bars for improved accuracy.
ATR-Based Bands:
Upper and lower bands are calculated by adding/subtracting a multiple of ATR to/from the regression estimate.
Bands serve as dynamic support and resistance levels.
Trend Detection:
Smooth or reactive color changes based on crossovers or rate-of-change mechanisms.
Bullish and bearish trend shifts are clearly visualized.
Entry and Exit Logic:
Long Condition:
Triggered when the price crosses below the lower ATR-based band.
Closes any short position before opening a long position.
Short Condition:
Triggered when the price crosses above the upper ATR-based band.
Closes any long position before opening a short position.
Visualization:
Regression Estimate: The middle band is plotted with dynamic colors indicating bullish (green) or bearish (red) trends.
ATR-Based Bands: Upper and lower bands are displayed as green and red lines, respectively.
Trend Indicators: Buy and sell signals are visualized with symbols (🍀 for bullish and 🥀 for bearish).
Alerts:
Alerts for price crossing the upper or lower bands.
Alerts for bullish and bearish trend shifts based on regression changes.
This strategy provides a robust framework for predictive trading using statistical regression and dynamic volatility bands. Use it for backtesting and further customization to fit your trading needs.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
Script de código aberto
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
Quer usar esse script no gráfico?
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.