Linear Regression - Reverse Up/Down Strategy

2020년 12월 27일

For my first foray into pine script I took the code from the generic "Consecutive up/down" and flipped the logic. I added a linear regression filter to try and stay with the overall trend. ATR added for visual, I eventually want to use it as part of the money management.


Rules to open trade or close the opposite:
IF the linear regression slope is >=0 AND the last candle closes lower, BUY
IF the linear regression slope is <=0 AND the last candle closes higher SELL

Rules to close the opposite:
IF the linear regression slope is >=0 AND the last candle closes higher, close any open SELL
IF the linear regression slope is <=0 AND the last candle closes lower, close any open BUY

2020년 12월 28일

릴리즈 노트

Go with or against the Linear Regression trend using pullbacks or looking for breakouts of consecutive bars.

2020년 12월 28일

릴리즈 노트

Updated smooth moving average for ATR channel

2020년 12월 28일

릴리즈 노트

Added RSI for filtering overbought and oversold conditions

2020년 12월 30일

릴리즈 노트

Code cleanup.

2020년 12월 30일

릴리즈 노트

moved early exit to after entry to reduce redundant position calls

2020년 12월 30일

릴리즈 노트

Set default behavior to go with major trend(200 linear regression slope) and against minor trend pullbacks(4 linear regression slope)

2020년 12월 30일

릴리즈 노트

Added a date range function for choosing which date to test.