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Linear Regression Curve - 15 min [blue]

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Linear Regression Curve - 15 minute

Linear Regression Curve is a useful measure for technical and quantitative analysis in financial markets that help identifying trends and trend direction. The use of standard deviations gives traders ideas as to when prices are becoming overbought or oversold relative to the long term trend.

The linear regression curve and bands are only available on a 15min chart as it's the most optimal for day trading.

A fast (36 ema) and slow (84 ema) are also provided for possible long/short entries on cross and can be used for support/resistance levels of interest.

When price is above the primary linear regression curve, bias is on the long side. When below, bias will be on the short side.

Based on the work from dgtrd and BigT4X.
版本注释
- Add labels
- Add 0.5 and 2.5 deviations
- Move styles to option tab
版本注释
Minor adjustments
版本注释
- Update to use Utility library.
- Now available on charts between 5 and 30 minute timeframes.

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