PROTECTED SOURCE SCRIPT
Atualizado Logarithmic Trend Channel
This indicator automatically draws a regression channel plotted on logarithmic scale from the first quotation.
This model is useful for the long term series data (such as 10 or 20 years time span).
The Pearson correlation measures the strength of the linear relationship between two variables. It has a value between to 1, with a value of 0 meaning no correlation, and + 1 meaning a total positive correlation.
Logarithmic price scales are a type of scale used on a chart, plotted such that two equivalent price changes are represented by the same vertical changes on the scale.
They differ from linear price scales because they display percentage points and not dollar price increases for a stock.
Technical issues
*The user have to pan over the chart from the beginning to the end of the study range (such as 10 years of bars) so the pine script could generate those lines on the chart.
*If on the chart the number of bar is less than the lookback period, it won't generate any lines as well.
This model is useful for the long term series data (such as 10 or 20 years time span).
The Pearson correlation measures the strength of the linear relationship between two variables. It has a value between to 1, with a value of 0 meaning no correlation, and + 1 meaning a total positive correlation.
Logarithmic price scales are a type of scale used on a chart, plotted such that two equivalent price changes are represented by the same vertical changes on the scale.
They differ from linear price scales because they display percentage points and not dollar price increases for a stock.
Technical issues
*The user have to pan over the chart from the beginning to the end of the study range (such as 10 years of bars) so the pine script could generate those lines on the chart.
*If on the chart the number of bar is less than the lookback period, it won't generate any lines as well.
Notas de Lançamento
Colour adjustmentsNotas de Lançamento
shorttitle changedNotas de Lançamento
Pine script V5 updateNotas de Lançamento
Logarithmic Trend Channel MaxScript protegido
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
The trend is your friend, until it's not...
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.
Script protegido
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
The trend is your friend, until it's not...
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.