Colorful Regression

2022年6月27日

Colorful Regression is a trend indicator. The most important difference of it from other moving averages and regressions is that it can change color according to the momentum it has. so that users can have an idea about the direction, orientation and speed of the graph at the same time. This indicator contains 5 different colors. Black means extreme downtrend, red means downtrend, yellow means sideways trend, green means uptrend, and white means extremely uptrend. I recommend using it on the one hour chart. You can also use it in different time periods by changing the sensitivity settings.

2022年7月16日

版本注释

alarm added.

The standard deviation has been added to make it suitable for different time periods, but it may still be good to manually adjust the colors for daily and higher timeframes.

linewidth added.

now more sensitive to extreme price movements.

2022年8月1日

版本注释

added plotshape.

2022年8月12日

版本注释

-we now use a special MA that gives a later but much more accurate signal. This function determines an average price by taking into account not only the candles before it, but also the candles after it. Although this causes us to receive signals late, we can prevent this delay with the momentum we use. We also understand momentum from colors. in other words, we can have an idea about both momentum and average price with a single indicator.
-the color changed, redder and greener colors are now used for extreme momentum.

2022年8月13日

版本注释

offset fixed.

2022年10月14日

版本注释

it now has a lot more color tones. I explained the changes in detail in the images:

2022年10月14日

版本注释

The length limit has been increased to 1000.

2022年10月14日

版本注释

Added contrast section. You can use it to soften or sharpen the color transition.

Improved "buy-sell signal". sample:

2023年2月25日

版本注释

bugs fixed.

2023年2月25日

版本注释

edit.

2023年2月26日

版本注释

buy sell signal added again.

2023年3月14日

版本注释

added label on price scale.