A regression line is simply a single line that best fits the data.
In the pinescript you can plot a linear regression line using the linreg function.
Here i share the entire calculation of the linear regression line, you are free to take the code and modify the functions in the script for creating your own kind of filter.
Hope you enjoy :)
This are candels using 20 period Linear regression of close ,open, mim, max. Lime color if close > open and close > of last previus close. Red if close<open and close< of the previus close. Blue candles if none of the condition are meet. Pay attention at the reletion between body and shadow
This is an update to my script:
Stefan-Krecher-Jeddingen-Divergence/
The behaviour is exactly the same, I just added the option to create alerts based on this indicator
ORDINARY LEAST SQUARES Slope by @XeL_Arjona
Ver. 1 by Ricardo M Arjona @XeL_Arjona
DISCLAIMER:
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets.
The embedded code and...
BUY & SELL PRESSURE by Regression Analysis at candle price/volume (Rate-Of-Change)
Ver. 3 By Ricardo M Arjona @XeL_Arjona
DISCLAIMER:
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading...
Standard Error of the Estimate - Code and adaptation by @glaz & @XeL_arjona
Ver. 2.00.a
Original implementation idea of bands by:
Traders issue: Stocks & Commodities V. 14:9 (375-379):
Standard Error Bands by Jon Andersen
This code is a former update to previous "Standard Error Bands" that was wrongly applied given that previous version in reality use the...
EXPERIMENTAL:
Bull and Bear power based on linear regression (this is a non lagging oscillator, the parameter are for the lookup window for the donchian extremes)
this indicator can also be used for convergence/divergence.
(accidentjev2) added multi timeframe support (indicator may repaint values)
Hi guys, I'm back with a little improvement on the Bull and Bear Signal I published just last week thanks to some feedback I received from a couple of users, which is of course highly appreciated.
Here are the changes that have been implemented compared to v01 :
(version 1 is the top indicator, version 2 is the bottom one) in the chart above
Formula adapted...
The base code for this indicator was created by RicardoSantos
What I added is a signal line that indicates when to buy and when to sell.
Advised use :
Combine with a zero-lag indicator like ZeroLagEMA_LB by LazyBear (suggested period = 34)
Then use the following Rules of engagement :
Current price > ZLEMA & Signal line of BBP_NM is green : BUY
Current...
EXPERIMENTAL:
Bull and Bear power based on linear regression (this is a non lagging oscillator, the parameter are for the lookup window for the donchian extremes)
this indicator can also be used for convergence/divergence.
Linear regression bands is constructed by using linear regression curve +/- ATR, for the lower and upper bounds respectively. One advantage of linear regression bands, compared to bollinger bands, is that this indicator is not a lagging indicator.
Script which calculates the linear regression slope, giving an idea where enter or exit in a market position.
Please if anybody have suggestions, let me know.
![EURUSD: [RS]Linear Regression Bull and Bear Power Accumulation V1](https://s3.tradingview.com/k/kRn2QVFe_mid.png "[RS]Linear Regression Bull and Bear Power Accumulation V1")
![EURUSD: [RS]Linear Regression Bands V2](https://s3.tradingview.com/e/E2c7M9cV_mid.png "[RS]Linear Regression Bands V2")
![EURUSD: [NM]Improved Linear Regression Bull and Bear Power v02](https://s3.tradingview.com/g/GQZct22g_mid.png "[NM]Improved Linear Regression Bull and Bear Power v02")
![EURUSD: [RS][NM]Improved Linear Regression Bull and Bear Power v01](https://s3.tradingview.com/4/4X2icV1L_mid.png "[RS][NM]Improved Linear Regression Bull and Bear Power v01")
![EURUSD: [RS]Linear Regression Bull and Bear Power V0](https://s3.tradingview.com/o/oQWiBbH5_mid.png "[RS]Linear Regression Bull and Bear Power V0")
![EURUSD: [RS]Decay Channel Candles V0](https://s3.tradingview.com/e/elCt6eNz_mid.png "[RS]Decay Channel Candles V0")
![EURUSD: [RS]Vector Flow Channel V1](https://s3.tradingview.com/q/Qy1BG72G_mid.png "[RS]Vector Flow Channel V1")
