OPEN-SOURCE SCRIPT

Adaptiv Trend Projection with Dynamic Length Regression

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The Adaptive Trend Projection indicator is a robust tool designed to provide an optimal trend projection calculated in a highly sophisticated manner. By utilizing linear regression lengths ranging from 20 to 200, this indicator estimates the duration of the trend by dynamically adjusting the projection length based on the calculated trend's strength.

Key Features:

1. Dynamic Length Adjustment: The indicator intelligently adapts the projection length between 20 and 200 using linear regression, ensuring adaptability to market conditions.

2. Trend Strength Calculation: Through linear regression analysis, the indicator calculates the slope, average, and intercept for each selected length, providing insights into the strength and direction of the trend.

3. Deviation Analysis: Beyond traditional trend analysis, the indicator calculates standard deviation, Pearson's correlation coefficient, and deviation values, offering a comprehensive view of market dynamics.

4. Confidence Levels: A unique feature of the Adaptive Trend Projection is its ability to determine confidence levels based on the highest Pearson's R value. Reliability is categorized into levels such as Neutral, Moderate, High, Very High, and Ultra High, providing users with a quick assessment of the projection's robustness.

5. Dynamic Forecasting: The indicator not only analyzes historical data but extends its functionality by dynamically forecasting future trend points. The projection adjusts in length based on the strength of the trend, allowing for more accurate predictions.

6. Visual Clarity: Enhancing visual clarity, the Adaptive Trend Projection indicator uses different line styles, widths, and colors to highlight crucial points, making it easier for traders to interpret and act upon the information.

In conclusion, the Adaptive Trend Projection indicator offers a nuanced understanding of market trends by combining advanced linear regression techniques, deviation analysis, and confidence level assessments. This enables traders to make informed decisions.
版本注释
Minor modification
版本注释
Expected Performance Added
版本注释
Minor Update: Style options added
版本注释
Bug fixed
Linear RegressionregressionsTrend Analysis

开源脚本

本着真正的TradingView精神,此脚本的作者已将其开源,以便交易者可以理解和验证它。向作者致敬!您可以免费使用它,但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。

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The trend is your friend, until it's not...
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