OPEN-SOURCE SCRIPT
Updated Linear regression slope as SAR
This model calculate the slope of the linear regression and give you the uptrend or the down trend of the slope
red line are downtrend and green line are up trend
using len 1 you can make it longer or shorter (I put it on length of 40 but you can change that to what ever you want )
Similar to SAR it can give us the trends of buy and sell only by doing it by the linear way
try longer length to see if it smooth the signal
4 hour graph
red line are downtrend and green line are up trend
using len 1 you can make it longer or shorter (I put it on length of 40 but you can change that to what ever you want )
Similar to SAR it can give us the trends of buy and sell only by doing it by the linear way
try longer length to see if it smooth the signal
4 hour graph
Release Notes
add color zone for berish and bullish area as optionOpen-source script
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.