OPEN-SOURCE SCRIPT

Linear Regression Histogram [LuxAlgo]

141 780
This indicator is inspired by traditional statistical histograms. It will return the number of occurrences of price falling within each interval (bins) of the linear regression channel. This can be useful to highlight zones of interest within a trend.

Settings

  • Length: Number of recent closing prices used for the computation of the linear regression.
  • Bins Number: Number of intervals constructed from the linear regression channel.
  • Mult: Multiplicative factor for the RMSE. Controls the width of the linear regression channel.
  • Src: Input source of the indicator.


Usage

The indicator is constructed by dividing the linear regression channel range into a series of intervals (bins) of equal width. We then count the number of price values falling within each interval.

快照

If a significant number of price values fall within a specific interval then that interval can highlight a potential zone of interest within a trend.

快照

The zone of interest is highlighted in blue.
版本注释
Minor changes.

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。