DB Change Forecast Pro What does the indicator do? The DB Change Forecast Pro is a unique indicator that uses price change on HLC3 to detect buy and sell periods along with plotting a linear regression price channel with oversold and undersold zones. It also has a linear regression change forecast mode to optionally project market direction. Change is...
The Leavitt Convolution indicator was created by Jay Leavitt (Stocks and Commodities Oct 2019, page 11), who is most well known for creating the Volume-Weighted Average Price indicator. This indicator is very similar to my Leavitt Projection script and I forgot to mention that both of these indicators are actually predictive moving averages. The Leavitt...
This is an experimental signal providing script for scalper that uses 2 of open source indicators. First one provides the signals for us called Andean Oscillator by @alexgrover . We use it to create long signals when bull line crosses over signal line while being above the bear line. And reverse is true for shorts where bear line crosses over signal line...
These channels are generated from the current values of the linear regression channel indicator, the standard deviation is calculated based off of the RSI . This indicator gives an idea of when the linear regression model predicts a change in direction. You are able to change the length of the linear regression model, as well as the size of the zone. A negative...
This indicator fits a polynomial with a user set degree to the price using least squares and then extrapolates the result. Settings Length: Number of most recent price observations used to fit the model. Extrapolate: Extrapolation horizon Degree: Degree of the fitted polynomial Src: Input source Lock Fit: By default the fit and extrapolated result...
A mathematically elegant, native & modern way how to measure velocity/ strength/ momentum. As you can see it looks like MACD, but !suddenly! has N times shorter code (disregard the functions), and only 1 parameter instead of 3. OMG HOW DID HE DO IT?!? MACD: "Let's take one filter (1 parameter), than another filter (2 parameters), then let's take dem difference,...
Library "regress" produces the slope (beta), y-intercept (alpha) and coefficient of determination for a linear regression regress(x, y, len) regress: computes alpha, beta, and r^2 for a linear regression of y on x Parameters: x : the explaining (independent) variable y : the dependent variable len : use the most recent "len" values of x and...
・Indicator for linear regression channel. ・Multiple deviations can be displayed. ・The color changes by reading the angle of the center line according to the direction of the market. Rising market → blue Down market → Red ---------------------------------------------- ・線形回帰チャネルのインジケーター。 ・偏差を複数表示可能。 ・相場の向きに合わせてセンターラインの角度を読み取り色が変わります。 上げ相場 → 青 下げ相場 → 赤
There are many linear regression indicators out there, most of them draw lines or channels, but this one actually draws a chart.
Hello Traders, There are several nice Linear Regression Channel scripts in the Public Library. and I tried to make one with some extra features too. This one can check if the Price breaks the channel and it shows where is was broken. Also it checks the momentum of the channel and shows it's increasing/decreasing/equal in a label, shape of the label also...
Hello Traders! We need to make things better & better to solve the puzzle and I try to do my best on this way. now I am here with my new Trend Lines Pro script. As you know, Trend Lines is very subjective and many people (even professionals) draw different Trend Lines on the same chart. This is confusing and there must be an automation to make the life easer....
Hello Friends.. This is Auto Trend Channel using linear regression ,, So helpful and smart ! Play with the options to adjust the precision. *Note that the selected time frame in options must be > your current time frame (logic) to draw lines.
The original script was posted on ProRealCode by user Nicolas. This is an indicator made of the linear regression applied to the rate of change of price (or momentum). I made a simple signal line just by duplicating the first one within a period decay in the past, to make those 2 lines cross. You can add more periods decay to made signal smoother with less false entry.