OPEN-SOURCE SCRIPT
Linear Regression back
this is a linear regression type of trend line. so we have two linear regressions (the one as lines is current with value in red)
the dashed is the one based on starting point in the past (yellow value)
by this way we can make a trend line type that based on linear regression and not in the regular way based on high and low
crossing any of the backward linear regression or trend line regression show a signal . cross up is green triangle. cross down is red triangle.
so in basic it a linear trend line type of indicator
4 hour
1 hour
the dashed is the one based on starting point in the past (yellow value)
by this way we can make a trend line type that based on linear regression and not in the regular way based on high and low
crossing any of the backward linear regression or trend line regression show a signal . cross up is green triangle. cross down is red triangle.
so in basic it a linear trend line type of indicator
4 hour
1 hour
Script de código aberto
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Aviso legal
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.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
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.