OPEN-SOURCE SCRIPT

Lnear Regression ++

已更新

Here is another amazing script for you guys

Target Audience
++ Programmers
++ Linear Regression Enthusiasts

Please Use this Indicator If you understand the risk posed by linear regression; ill explain some below

Features
++ Raw Formulae for the linear regression
--I understand that tradingview explanation on how the linreg function works is not clear to many of you and therefore i included this for developers
--Yes its much simpler than you thought, Do Enjoy
++ Alerts
--You can get alerts when the lower band is crossed/touched based on your settings
--These alerts are not repainting at all.

Linear Regression Limits
As you traders know, the market changes from time and new levels will get drawn
The alerts are based on these new levels and once we have new ones, we keep updating

Risk
This script is similar to Bollinger Bands style of alerts, If the market moves continuously to one direction after the break of a band, The levels change and you may receive a new signal confirmation

Cheers!! Enjoy!! Feel free to ask me for any improvements

版本注释

Cleaned Up the code for easier binding

You can customise the ma type but please note; it will change the results of calculation

For user customisations and MTF feature, please use :