God's eye Linear regression 30 sec or 1 min

13시간 전

This Pine Script indicator, "God's Eye Linear Regression MTF," is designed for TradingView to apply multi-timeframe (MTF) analysis using linear regression and several technical indicators.

Update from // © LonesomeTheBlue
Linear Regression Channel Script (Pine Script v4)

Focus: This script primarily focuses on detecting and visualizing a linear regression channel with deviation bands to show price trends and potential breakouts.
Key Features:
Channel Boundaries: Calculates upper and lower channel lines based on linear regression, with customizable deviation for width.
Deviation Control: Allows users to control the deviation level and extend lines visually on the chart.
Fibonacci Levels: Optional Fibonacci levels are displayed within the channel for additional insights.
Trend Detection: Labels trend direction changes and plots colors to indicate uptrend or downtrend.
Alerts: Trigger alerts when the price moves out of the channel (indicating a breakout) or when the trend direction changes.
Style and Presentation: Uses lines, labels, and color settings to visualize the trend direction on the price chart itself.
2. Multi-Timeframe Linear Regression Trend (Pine Script v5)
Focus: This script emphasizes multi-timeframe trend analysis by evaluating and visualizing trend direction across multiple timeframes with separate trend bars and buy/sell signals.
Key Features:
Timeframe Customization: Offers five configurable timeframes for trend detection, allowing for both short- and long-term analysis.
Column Color Coding: Uses different color schemes for the regression slopes in both short-term and long-term trends, providing clear differentiation.
Buy and Sell Volume Analysis: Analyzes the slope of buy and sell volumes, indicating the strength of each trend.
Multi-TF Indicators: Generates signals across the selected timeframes, plotting separate trend bars for each timeframe. These are color-coded based on the calculated direction.
Buy/Sell Signal Generation: Combines the signals from all timeframes and generates buy or sell alerts when all frames align positively or negatively.

Here’s an overview of its key functionalities:

Multi-Timeframe Linear Regression: The indicator calculates linear regression trends for up to five user-defined timeframes (tf1 to tf5). Short-term and long-term slopes of price and volume are determined using linear regression functions, helping to detect market direction and strength.
Volume and Price Slope Analysis: It measures the slopes of both price and volume using different look-back lengths (len1 for short-term, len2 for long-term) to highlight upward or downward trends. The volume slopes are used to color columns, providing visual cues for bullish or bearish trends.
Candle and Trend Filters: The script defines candle characteristics (body, top wick, bottom wick) to calculate buy/sell volume ratios and combines these with EMA (Exponential Moving Average) crossovers for trend filtering. Bullish and bearish signals are generated based on certain conditions, including candle transition patterns and EMA levels.
Directional Signals and Alerts: Using the computed slopes and user-specified timeframes, it aggregates directional trends across the five timeframes. If all trends align bullish or bearish across timeframes, buy or sell signals are generated. The indicator also has alert conditions for notifying the user when certain patterns, such as bullish or bearish engulfing, occur.
Channel and Trend Confidence: The indicator calculates Pearson's R, a statistical measure of linear correlation, across various periods to gauge the trend's strength. These values inform the user of trend reliability, displaying descriptors like "Strong," "Very Weak," etc.
Settings and Customization: Users can adjust parameters for EMA lengths, RSI-based sensitivity, and filter days for trading. There’s also a feature to display the calculated trend correlation as text on the chart and a table that adjusts positions based on user input.
Chart Overlays and Visuals: The script plots key levels and channel lines on the chart for visual trend analysis, with different color codes representing the direction and confidence of the detected trends.
In summary, this advanced indicator combines multi-timeframe trend analysis, volume and price-based regression slopes, and directional filters to generate trade signals and alerts, aiming to provide comprehensive trend insights for traders.
Use for TF 30 sec or 1 m