OPEN-SOURCE SCRIPT
Linear Regression Slope - Version 2
Version 2 - Linear Regression Slope. This version will have more freedom on picking your own length for all the Inputs.
One of the main reason I changed it is because, Slope calculation on transition period was not being computed properly. Because the Version 1, looks back the length assigned, and compute the slope based on two candle readings, could be 10 days apart or 50. That was misleading.
Therefore, I changed it to plot daily slope and Smooth it with an EMA.
Linear Regression Curve - tradingview.com/v/JojPxTRD/
List of All my Indicators - tradingview.com/p/stocks/?sort=recent&time=day&by=ucsgears
One of the main reason I changed it is because, Slope calculation on transition period was not being computed properly. Because the Version 1, looks back the length assigned, and compute the slope based on two candle readings, could be 10 days apart or 50. That was misleading.
Therefore, I changed it to plot daily slope and Smooth it with an EMA.
Linear Regression Curve - tradingview.com/v/JojPxTRD/
List of All my Indicators - tradingview.com/p/stocks/?sort=recent&time=day&by=ucsgears
Uday C Santhakumar
Script de código aberto
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
Quer usar esse script no gráfico?
Uday C Santhakumar
Aviso legal
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