OPEN-SOURCE SCRIPT
LRC
LRC (Linear Regression Candle) [SpUn]
Overview
The LRC (Linear Regression Candle) indicator applies linear regression to the open, high, low, and close prices, creating smoothed "candles" that help filter market noise. It provides trend-confirmation signals and highlights potential reversal points based on regression crossovers.
Key Features
Smoothed Candles: Uses linear regression to calculate synthetic OHLC values, reducing noise.
Multi-Timeframe Support: Optional higher timeframe analysis for better trend confirmation.
Visual Signals: Color-coded candles and labels highlight bullish/bearish control zones.
Customizable Settings: Adjustable regression length, colors, and timeframe options.
How to Use
Signals & Interpretation
🟢 Bullish Signal (BUY): When the regression open crosses above the regression close (green candle).
🔴 Bearish Signal (SELL): When the regression open crosses below the regression close (red candle).
Control Zones:
Strong Bullish (Controlbull): Confirmed uptrend (bright green).
Bullish (Bull): Regular uptrend (light green).
Strong Bearish (Controlbear): Confirmed downtrend (dark red).
Bearish (Bear): Regular downtrend (orange).
Neutral (Gray): No clear trend.
Recommended Settings
Linear Regression Length: Default 8 (adjust for sensitivity).
Timeframe: Default current chart, but can switch to higher timeframes (e.g., 1D, 1W).
Bar Colors: Toggle on/off for visual clarity.
Labels: Displays "Control" markers at key reversal points.
Example Use Cases
Trend Confirmation: Use higher timeframe LRC to validate the primary trend.
Reversal Signals: Watch for BUY/SELL crossovers with strong color confirmation.
Noise Reduction: Helps avoid false breakouts in choppy markets.
Overview
The LRC (Linear Regression Candle) indicator applies linear regression to the open, high, low, and close prices, creating smoothed "candles" that help filter market noise. It provides trend-confirmation signals and highlights potential reversal points based on regression crossovers.
Key Features
Smoothed Candles: Uses linear regression to calculate synthetic OHLC values, reducing noise.
Multi-Timeframe Support: Optional higher timeframe analysis for better trend confirmation.
Visual Signals: Color-coded candles and labels highlight bullish/bearish control zones.
Customizable Settings: Adjustable regression length, colors, and timeframe options.
How to Use
Signals & Interpretation
🟢 Bullish Signal (BUY): When the regression open crosses above the regression close (green candle).
🔴 Bearish Signal (SELL): When the regression open crosses below the regression close (red candle).
Control Zones:
Strong Bullish (Controlbull): Confirmed uptrend (bright green).
Bullish (Bull): Regular uptrend (light green).
Strong Bearish (Controlbear): Confirmed downtrend (dark red).
Bearish (Bear): Regular downtrend (orange).
Neutral (Gray): No clear trend.
Recommended Settings
Linear Regression Length: Default 8 (adjust for sensitivity).
Timeframe: Default current chart, but can switch to higher timeframes (e.g., 1D, 1W).
Bar Colors: Toggle on/off for visual clarity.
Labels: Displays "Control" markers at key reversal points.
Example Use Cases
Trend Confirmation: Use higher timeframe LRC to validate the primary trend.
Reversal Signals: Watch for BUY/SELL crossovers with strong color confirmation.
Noise Reduction: Helps avoid false breakouts in choppy markets.
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
Trading
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。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
Trading
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。