MACD Linear Regression by zdmre

Both the Moving Average Convergence Divergence (MACD) and the Linear Regression (LR) rank among the most popular momentum indicators used in trading. When used in combination with other technical indicators, both MACD and LR can offer value in validating trade opportunities to optimize your risk management practices.

While they represent a similar approach to evaluating trades, the functions of both MACD and LR are distinct, which makes them useful indicators to combine in trade evaluation. Here’s a look at how to use MACD and LR as part of your trade analysis.

***Use it at your own risk

If you have new ideas to improve this indicator then let me know please.

Keep Learning, Keep Earning

릴리즈 노트

Moved to below pane.

릴리즈 노트

Pinescript Version 5

릴리즈 노트

Added HH-HL-LH-LL for MACD.

*Can be used for divergence patterns.

릴리즈 노트

Visual optimization.

오픈 소스 스크립트

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.