Auto Trend ProjectionAuto Trend Projection is an indicator designed to automatically project the short-term trend based on historical price data. It utilizes a dynamic calculation method to determine the slope of the linear regression line, which represents the trend direction. The indicator takes into account multiple length inputs and calculates the deviation and Pearson's R values for each length.
Using the highest Pearson's R value, Auto Trend Projection identifies the optimal length for the trend projection. This ensures that the projected trend aligns closely with the historical price data.
The indicator visually displays the projected trend using trendlines. These trendlines extend into the future, providing a visual representation of the potential price movement in the short term. The color and style of the trendlines can be customized according to user preferences.
Auto Trend Projection simplifies the process of trend analysis by automating the projection of short-term trends. Traders and investors can use this indicator to gain insights into potential price movements and make informed trading decisions.
Please note that Auto Trend Projection is not a standalone trading strategy but a tool to assist in trend analysis. It is recommended to combine it with other technical analysis tools and indicators for comprehensive market analysis.
Overall, Auto Trend Projection offers a convenient and automated approach to projecting short-term trends, empowering traders with valuable insights into the potential price direction.
Linear Regression
Strongest TrendlineUnleashing the Power of Trendlines with the "Strongest Trendline" Indicator.
Trendlines are an invaluable tool in technical analysis, providing traders with insights into price movements and market trends. The "Strongest Trendline" indicator offers a powerful approach to identifying robust trendlines based on various parameters and technical analysis metrics.
When using the "Strongest Trendline" indicator, it is recommended to utilize a logarithmic scale . This scale accurately represents percentage changes in price, allowing for a more comprehensive visualization of trends. Logarithmic scales highlight the proportional relationship between prices, ensuring that both large and small price movements are given due consideration.
One of the notable advantages of logarithmic scales is their ability to balance price movements on a chart. This prevents larger price changes from dominating the visual representation, providing a more balanced perspective on the overall trend. Logarithmic scales are particularly useful when analyzing assets with significant price fluctuations.
In some cases, traders may need to scroll back on the chart to view the trendlines generated by the "Strongest Trendline" indicator. By scrolling back, traders ensure they have a sufficient historical context to accurately assess the strength and reliability of the trendline. This comprehensive analysis allows for the identification of trendline patterns and correlations between historical price movements and current market conditions.
The "Strongest Trendline" indicator calculates trendlines based on historical data, requiring an adequate number of data points to identify the strongest trend. By scrolling back and considering historical patterns, traders can make more informed trading decisions and identify potential entry or exit points.
When using the "Strongest Trendline" indicator, a higher Pearson's R value signifies a stronger trendline. The closer the Pearson's R value is to 1, the more reliable and robust the trendline is considered to be.
In conclusion, the "Strongest Trendline" indicator offers traders a robust method for identifying trendlines with significant predictive power. By utilizing a logarithmic scale and considering historical data, traders can unleash the full potential of this indicator and gain valuable insights into price trends. Trendlines, when used in conjunction with other technical analysis tools, can help traders make more informed decisions in the dynamic world of financial markets.
Volume Profile Regression Channel [LuxAlgo]The Volume Profile Regression Channel calculates a volume profile from an anchored linear regression channel. Users can choose the starting and ending points for the indicator calculation interval.
Like a regular volume profile, a "line" of control (LOC), value area, and a developing LOC are displayed.
🔶 SETTINGS
Sections: The number of sections the linear regression channel is divided into for the calculation of the volume profile.
Width %: Determines the length of the profile within the channel relative to the channel length.
Value Area %: Highlights the sections starting from the POC whose accumulated volume is equal to the user-defined percentage of the total profile sections volume.
🔶 USAGES
Regular volume profiles are often constructed from a horizontal price area, this can allow highlighting price areas where most trading activity takes place.
However, when price is strongly trending a classical volume profile can sometimes be more uniform. This is where using an angled volume profile can be useful.
The line of control allows highlighting the section of the channel with the most accumulated volume, this line can be used as a potential future support/resistance. This is where an angled volume profile might be the most useful.
The developing LOC highlights the LOC location at a specific time within the profile (from left to right) and can sometimes provide an estimate of the underlying trend in the price.
🔶 DETAILS
To be computed the script requires a left and right chart time coordinates. When adding the script to their charts users can determine the left and right time coordinates by clicking on the chart.
The linear regression channel width is determined so that the channel precisely encompasses the whole price.
🔶 LIMITATIONS
Using a very large calculation interval can return timeouts. Users can reduce the calculation interval to fix that issue from occurring.
The amount of drawing objects that can be used is limited, as such using a high calculation interval can display an incomplete profile.
🔶 ACKNOWLEDGEMENTS
If you are interested in these types of scripts, @HeWhoMustNotBeNamed published a similar script where users can use a custom line angle. See his 'Angled Volume Profile' script from March 2023.
Ultimate Trend LineThe "Ultimate Trend Line" indicator, designed for overlay on financial charts, calculates and plots a global trend line. It works by first allowing users to input several parameters such as different lengths for up to 21 groups, a multiplier that defines the deviation from the linear regression line for calculating the upper and lower bands, and a color for the fill.
Using these inputs, it calculates the upper and lower bands for each length group based on a multiple of the standard deviation from the linear regression line. It then averages these bands to define the global trend line, which is plotted on the graph.
Although the code includes commented-out lines for plotting each individual upper and lower band, the indicator as it stands only displays the overall average trend line. The line's color and linewidth can be adjusted according to user preferences.
This indicator can be effectively used on both logarithmic and linear scales. This versatility allows it to be adaptable to various types of financial charts and trading styles, providing a flexible tool for users to assess and visualize trend patterns across different market conditions and time frames. It maintains its accuracy and relevance, regardless of the scale used, thus making it a comprehensive solution for trend line analysis in diverse scenarios.
It's important to note that the "Ultimate Trend Line" indicator requires a substantial amount of historical data to function properly. If insufficient historical data is available, the indicator may not display accurately or at all. This issue is particularly prevalent when using larger time units, such as weekly or monthly charts, where the available data may not stretch back far enough to satisfy the requirements of the indicator. As such, users should ensure they are operating on a time scale and data set that provides adequate historical depth for the reliable operation of this indicator.
TrueLevel BandsTrueLevel Bands is a powerful trading indicator that employs linear regression and standard deviation to create dynamic, envelope-style bands around the price action of a financial instrument. These bands are designed to help traders identify potential support and resistance levels, trend direction, and volatility.
The TrueLevel Bands indicator consists of multiple envelope bands, each constructed using different timeframes or lengths, and a multiple (mult) factor. The multiple factor determines the width of the bands by adjusting the number of standard deviations from the linear regression line.
Key Features of TrueLevel Bands
1. Multi-Timeframe Analysis: Unlike traditional moving average-based indicators, TrueLevel Bands allow traders to incorporate multiple timeframes into their analysis. This helps traders capture both short-term and long-term market dynamics, offering a more comprehensive understanding of price behavior.
2. Customization: The TrueLevel Bands indicator offers a high level of customization, allowing traders to adjust the lengths and multiple factors to suit their trading style and preferences. This flexibility enables traders to fine-tune the indicator to work optimally with various instruments and market conditions.
3. Adaptive Volatility: By incorporating standard deviation, TrueLevel Bands can automatically adjust to changing market volatility. This feature enables the bands to expand during periods of high volatility and contract during periods of low volatility, providing traders with a more accurate representation of market dynamics.
4. Dynamic Support and Resistance Levels: TrueLevel Bands can help traders identify dynamic support and resistance levels, as the bands adjust in real-time according to price action. This can be particularly useful for traders looking to enter or exit positions based on support and resistance levels.
5. The "Global Trend Line" refers to the average of the bands used to indicate the overall trend.
Why TrueLevel Bands are Different from Classic Moving Averages
TrueLevel Bands differ from conventional moving averages in several ways:
1. Linear Regression: While moving averages are based on simple arithmetic means, TrueLevel Bands use linear regression to determine the centerline. This offers a more accurate representation of the trend and helps traders better assess potential entry and exit points.
2. Envelope Style Bands: Unlike moving averages, which are single lines, TrueLevel Bands form envelope-style bands around the price action. This provides traders with a visual representation of potential support and resistance levels, trend direction, and volatility.
3. Multi-Timeframe Analysis: Classic moving averages typically focus on a single timeframe. In contrast, TrueLevel Bands incorporate multiple timeframes, enabling traders to capture a broader understanding of market dynamics.
4. Adaptive Volatility: Traditional moving averages do not account for changing market volatility, whereas TrueLevel Bands automatically adjust to volatility shifts through the use of standard deviation.
The TrueLevel Bands indicator is a powerful, versatile tool that offers traders a unique approach to technical analysis. With its ability to adapt to changing market conditions, provide multi-timeframe analysis, and dynamic support and resistance levels, TrueLevel Bands can serve as an invaluable asset to both novice and experienced traders looking to gain an edge in the markets.
Advanced Trend Detection StrategyThe Advanced Trend Detection Strategy is a sophisticated trading algorithm based on the indicator "Percent Levels From Previous Close".
This strategy is based on calculating the Pearson's correlation coefficient of logarithmic-scale linear regression channels across a range of lengths from 50 to 1000. It then selects the highest value to determine the length for the channel used in the strategy, as well as for the computation of the Simple Moving Average (SMA) that is incorporated into the strategy.
In this methodology, a script is applied to an equity in which multiple length inputs are taken into consideration. For each of these lengths, the slope, average, and intercept are calculated using logarithmic values. Deviation, the Pearson's correlation coefficient, and upper and lower deviations are also computed for each length.
The strategy then selects the length with the highest Pearson's correlation coefficient. This selected length is used in the channel of the strategy and also for the calculation of the SMA. The chosen length is ultimately the one that best fits the logarithmic regression line, as indicated by the highest Pearson's correlation coefficient.
In short, this strategy leverages the power of Pearson's correlation coefficient in a logarithmic scale linear regression framework to identify optimal trend channels across a broad range of lengths, assisting traders in making more informed decisions.
Advanced Trend Channel Detection (Log Scale)The Advanced Trend Channel Detection (Log Scale) indicator is designed to identify the strongest trend channels using logarithmic scaling. It does this by calculating the highest Pearson's R value among all length inputs and then determining which length input to use for the selected slope, average, and intercept. The script then draws the upper and lower deviation lines on the chart based on the selected slope, average, and intercept, and optionally displays the Pearson's R value.
To use this indicator, you will need to switch to logarithmic scale. There are several advantages to using logarithmic scale over regular scale. Firstly, logarithmic scale provides a better visualization of data that spans multiple orders of magnitude by compressing large ranges of values into a smaller space. Secondly, logarithmic scale can help to minimize the impact of outliers, making it easier to identify patterns and trends in the data. Finally, logarithmic scale is often utilized in scientific contexts as it can reveal relationships between variables that may not be visible on a linear scale.
If the trend channel does not appear on the chart, it may be necessary to scroll back to view historical data. The indicator uses past price data to calculate the trend channel, so if there is not enough historical data visible on the chart, the indicator may not be able to identify the trend channel. In this case, the user should adjust the chart's timeframe or zoom out to view more historical data. Additionally, the indicator may need to be recalibrated if there is a significant shift in market conditions or if the selected length input is no longer appropriate.
MACD TrueLevel StrategyThis strategy uses the MACD indicator to determine buy and sell signals. In addition, the strategy employs the use of "TrueLevel Bands," which are essentially envelope bands that are calculated based on the linear regression and standard deviation of the price data over various lengths.
The TrueLevel Bands are calculated for 14 different lengths and are plotted on the chart as lines. The bands are filled with a specified color to make them more visible. The highest upper band and lowest lower band values are stored in variables for easy access.
The user can input the lengths for the TrueLevel Bands and adjust the multiplier for the standard deviation. They can also select the bands they want to use for entry and exit, and enable long and short positions.
The entry conditions for a long position are either a crossover of the MACD line over the signal line or a crossover of the price over the selected entry lower band. The entry conditions for a short position are either a crossunder of the MACD line under the signal line or a crossunder of the price under the selected exit upper band.
The exit conditions for both long and short positions are not specified in the code and are left to the user to define.
Overall, the strategy aims to capture trends by entering long or short positions based on the MACD and TrueLevel Bands, and exiting those positions when the trend reverses.
Deming Linear Regression [wbburgin]Deming regression is a type of linear regression used to model the relationship between two variables when there is variability in both variables. Deming regression provides a solution by simultaneously accounting for the variability in both the independent and dependent variables, resulting in a more accurate estimation of the underlying relationship. In the hard-science fields, where measurements are critically important to judging the conclusions drawn from data, Deming regression can be used to account for measurement error.
Tradingview's default linear regression indicator (the ta.linreg() function) uses least squares linear regression, which is similar but different than Deming regression. In least squares regression, the regression function minimizes the sum of the squared vertical distances between the data points and the fitted line. This method assumes that the errors or variability are only present in the y-values (dependent variable), and that the x-values (independent variable) are measured without error.
In time series data used in trading, Deming regression can be more accurate than least squares regression because the ratio of the variances of the x and y variables is large. X is the bar index, which is an incrementally-increasing function that has little variance, while Y is the price data, which has extremely high variance when compared to the bar index. In such situations, least squares regression can be heavily influenced by outliers or extreme points in the data, whereas Deming regression is more resistant to such influence.
Additionally, if your x-axis uses variable widths - such as renko blocks or other types of non-linear widths - Deming regression might be more effective than least-squares linear regression because it accounts for the variability in your x-values as well. Additionally, if you are creating a machine-learning model that uses linear regression to filter or extrapolate data, this regression method may be more accurate than least squares.
In contrast to least squares regression, Deming regression takes into account the variability or errors in both the x- and y-values. It minimizes the sum of the squared perpendicular distances between the data points and the fitted line, accounting for both the x- and y-variability. This makes Deming regression more robust in both variables than least squares regression.
RSI TrueLevel StrategyThis strategy is a momentum-based strategy that uses the Relative Strength Index (RSI) indicator and a TrueLevel envelope to generate trade signals.
The strategy uses user-defined input parameters to calculate TrueLevel envelopes for 14 different lengths. The TrueLevel envelope is a volatility-based technical indicator that consists of upper and lower bands. The upper band is calculated by adding a multiple of the standard deviation to a linear regression line of the price data, while the lower band is calculated by subtracting a multiple of the standard deviation from the same regression line.
The strategy generates long signals when the RSI crosses above the oversold level or when the price crosses above the selected lower band of the TrueLevel envelope. It generates short signals when the RSI crosses below the overbought level or when the price crosses below the selected upper band of the TrueLevel envelope.
The strategy allows for long and short trades and sets the trade size as a percentage of the account equity. The colors of the bands and fills are also customizable through user-defined input parameters.
In this strategy, the 12th TrueLevel band was chosen due to its ability to capture significant price movements while still providing a reasonable level of noise reduction. The strategy utilizes a total of 14 TrueLevel bands, each with varying lengths. The 12th band, with a length of 2646, strikes a balance between sensitivity to market changes and reducing false signals, making it a suitable choice for this strategy.
RSI Parameters:
In this strategy, the RSI overbought and oversold levels are set at 65 and 40, respectively. These values were chosen to filter out more noise in the market and focus on stronger trends. Traditional RSI overbought and oversold levels are set at 70 and 30, respectively. By raising the oversold level and lowering the overbought level, the strategy aims to identify more significant trend reversals and potential trade opportunities.
Of course, the parameters can be adjusted to suit individual preferences.
Regression Channel Alternative MTF V2█ OVERVIEW
This indicator is a predecessor to Regression Channel Alternative MTF , which is coded based on latest update of type, object and method.
█ IMPORTANT NOTES
This indicator is NOT true Multi Timeframe (MTF) but considered as Alternative MTF which calculate 100 bars for Primary MTF, can be refer from provided line helper.
The timeframe scenarios are defined based on Position, Swing and Intraday Trader.
Suppported Timeframe : W, D, 60, 15, 5 and 1.
Channel drawn based on regression calculation.
Angle channel is NOT supported.
█ INSPIRATIONS
These timeframe scenarios are defined based on Harmonic Trading : Volume Three written by Scott M Carney.
By applying channel on each timeframe, MW or ABCD patterns can be easily identified manually.
This can also be applied on other chart patterns.
█ CREDITS
Scott M Carney, Harmonic Trading : Volume Three (Reaction vs. Reversal)
█ TIMEFRAME EXPLAINED
Higher / Distal : The (next) longer or larger comparative timeframe after primary pattern has been identified.
Primary / Clear : Timeframe that possess the clearest pattern structure.
Lower / Proximate : The (next) shorter timeframe after primary pattern has been identified.
Lowest : Check primary timeframe as main reference.
█ FEATURES
Color is determined by trend or timeframe.
Some color is depends on chart contrast color.
Color is determined by trend or timeframe.
█ EXAMPLE OF USAGE / EXPLAINATION
Autoregressive Covariance Oscillator by TenozenWell to be honest I don't know what to name this indicator lol. But anyway, here is my another original work! Gonna give some background of why I create this indicator, it's all pretty much a coincidence when I'm learning about time series analysis.
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Well, the formula of Auto-covariance is:
E{(X(t)-(t) * (X(t-s)-(t-s))}= Y_s
But I don't multiply both values but rather subtract them:
E{(X(t)-(t) - (X(t-s)-(t-s))}= Y_s?
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For arm_vald, the equation is as follows:
arm_vald = val_mu + mu_plus_lsm + et
val_mu --> mean of time series
mu_plus_lsm --> val_mu + LSM
et --> error term
As you can see, val_mu^2. I did this so the oscillator is much smoother.
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After I get the value, I normalize them:
aco = Y_s? / arm_vald
So by this calculation, I get something like an oscillator!
(more details in the code)
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So how to use this indicator? It's so easy! If the value is above 0, we gonna expect a bullish response, if the value is below 0, we gonna expect a bearish response; that simple. Be aware that you should wait for the price to be closed before executing a trade.
Well, try it out! So far this is the most powerful indicator that I've created, hope it's useful. Ciao.
(more updates for the indicator if needed)
Dynamic Linear Regression Oscillator | AdulariDescription:
This dynamic linear regression oscillator visualizes the general price trend of specific ranges in the chart based on the linear regression calculation, it automatically determines these ranges with pivot detection. The central line of the indicator is the baseline of the linear regression itself. This is a good tool to use to determine when a price is unusually far away from its baseline. The lines above or below it are overbought and oversold zones. These zones are based on the high or low of the range, in combination with the set multipliers.
The overbought and oversold lines indicate support and resistance; when the prices stay outside these levels for a significant period of time, a reversal can be expected soon. When the oscillator's value crosses above the signal or smoothed line the trend may become bullish. When it crosses below, the trend may become bearish.
This indicator is quite special, as it first determines price ranges using pivot detection. It then uses the middle of the range to determine how far the current price is from the baseline. This value is then rescaled compared to a set amount of bars back, putting it into relevant proportions with the current price action.
How do I use it?
Never use this indicator as standalone trading signal, it should be used as confluence.
When the value crosses above the signal this indicates the current bearish trend is getting weak and may reverse upwards.
When the value crosses below the signal this indicates the current bullish trend is getting weak and may reverse downwards.
When the value is above the middle line this shows the bullish trend is strong.
When the value is below the middle line this shows the bearish trend is strong.
When the value crosses above the upper line this indicates the trend may reverse downwards.
When the value crosses below the lower line this indicates the trend may reverse upwards.
Features:
Oscillator value indicating how far the price has currently deviated from the middle of the range. Proportioned to data from a set amount of bars ago.
Signal value to indicate whether or not the price is abnormally far from the middle of the range.
Horizontal lines such as oversold, overbought and middle lines, indicating possible reversal zones.
Automatic range detection using pivots.
Built-in rescaling functionality to ensure values are proportionate with the latest data.
How does it work? (simplified)
1 — Calculate the middle of the range.
2 — Define whether the current price is above the middle of the range or below.
3 — If above the middle of the range, calculate the difference of the current high and the middle line. If below, calculate the difference of the current low and the middle line.
4 — Smooth the value using a set moving average type.
5 — Rescale the value to proportionate it with the latest data.
Dynamic Linear Regression ChannelsPlots new linear regression channels from points where a previous channel is broken thus keeping the length of bars in the trend dynamic. Regression channels are useful in detecting trend changes, support and resistance levels and to trade mean reversions.
Note: Setting higher values of upper and lower deviation may result in error if the price never breaks the channel and the script references too many bars than supported.
Linear Regression AngleThere are several Linear Regression indicator in the Public Library, but I don't think there is one that converts the Linear Regression (LR) curve into angle in degrees, relative to a set reference frame. Due to the large price range between tickers, creating this indicator isn't as straight forward as I originally thought. For example, given the same time period, a stock that fluctuate in the 10's will have a true linear regression angle dramatically different from a penny stock. Even changing the scale on your chart will affect the "apparent" angle you see on the chart. Hence, this indicator DOES NOT provide the true linear regression angle, but only a relative one based on a defined number of historical bars.
Originality and usefulness
This indicator provides Linear Regression (LR) Angle in degree that may be more easily interpreted by some traders as we are more accustomed to line angles in degree and know how to visualize them.
This script also provides the option to overlay up to four LR curves of different periods, as well as an average curve of the enabled curves. This allows traders to analysis short to long term trends.
Furthermore, slope (rate of change) of each LR curves can be toggled. The slope plot can help traders visualize accelerations and decelerations of the LR curves which may help in spotting trend reversals.
Data table provides real time data for each curve.
Example of using slope plot with a 30 bars Linear Regression Angle:
Lagging Session Regression ChannelHello Traders !
Note :
This is my very first published script on trading view & from brainstorming an idea to developing to the finched product it was imperative to me for the indiactor and every one of its features to be of some meaningfull use. If you like the idea of statsitics being able to predict future prices in the market then this indicator may be usefull in your trading arsenal.
Introduction :
Lagging Session Regression Channel (LSRC) is a statistical trend analysis indicator that "laggs" the market by the user defined session, by defualt a day, by doing so the indicator leverges the ability of simple linear regression to predict future asset price.(This can be used on any asset in any market in any time frame)
Options & inputs :
- Bar regression lookback :
The value of bars back from the lats session change, if the seesion time is equivelnt to the the chart timefrmae then the regression line will not lag price, i.e it will act as a stantdard lineer regression channel chnaging on evrey last confimred bar.
- Standard Deviation lookback :
The value of bars from the last session change to cacluate the unbiased standard deviation, The lookback can be set to > or < the regression lookback to cauture > or < less asset volatility. (note this is the same as the residual standard deviation)
- Predicted price at nth bar :
if you whant to know the predicted close price value at any given point in the regression and to the RHS of the regression.
- Regression Line colors group :
Changes the colors of each plotted line.
- OLS Line color : is only changeable when trend color is set to false / unticked.
- Visable deviations group :
Plots the lines that you want on chart, e.g if "Show DEV1" and "Sow DEV SUB1" are the only inputs ticked then they will be the only lines ploted along with the simple linear regression line.
- Regression Line Dynamics group :
All inputs in this group change the regressions calculations given the bar lookback is constant / the same.
- Trend color : if set too true, when the close of the proceding real time bar is greater than the simple linear regression line from the last confimred session the line will be colored green, if otherwise the close is below the simple linear regression line the line will be colored red.
- Extend regression line :
This is the same chart image as seen on the publication chart image but with Extend regression line set to true, this allows the trader to test the valdity of the regression and how well it predicts future price, as seen on the M15 chart of BTCUSD above the indicator was pritty good at doing this.
- Standard deviation channel source :
Source for standard deviation to be calculated on. note if this is set to a varible other than the close then this will no longer be the resdiaul standard deviation, as of now "LSRC 1.0" the regression uses only the close for y / predicted values.
- Time elasped unitl next regression calculation :
The session time until the next LSRC will be calculated and plotted
Label LSRC stats :
- STAN DEV : the standard deviation used to cacluateed the deviation channels
- MIN : The lowest price across the regression
- MAX : The highest price across the regression
- n bars above dev 1 : The number of bars that closed above the first standard deviation channel across the entire regression calculation
- n bars below sub dev1 : The number of bars that closed below the first standard deviation channel.
- Regression Price : The output of "Predicted price at nth bar" input.
Hope you find this usefull !
I will continue too try improve this script and update it accordingly.
EMA GradientA method of visualising whether an EMA is moving at a faster rate than in previous bars. It uses a linear regression analysis to plot a line of best fit to an exponential moving average of the price (the purple dashed line on the chart).
The gradient of this line of best fit is then compared to the gradient of the line of best fit over a range of previous candles. If the absolute value of the EMA gradient is greater than 75% (configurable) of the set of previous gradients then the line is coloured green for positive gradients and red for negative gradients. A yellow line indicates that the gradient is lower than the threshold.
Regression Fit Bollinger Bands [Spiritualhealer117]This indicator is best suited for mean reversion trading, shorting at the upper band and buying at the lower band, but it can be used in all the same ways as a standard bollinger band.
It differs from a normal bollinger band because it is centered around the linear regression line, as opposed to the moving average line, and uses the linear regression of the standard deviation as opposed to the standard deviation.
This script was an experiment with the new vertical gradient fill feature.
Linear Average PriceWhat is "Linear Average Price"?
"Linear Average Price" is both a trend and an overbought oversold indicator .
What it does?
it creates a trendline and trading zones.
How it does it?
To create the trend line, it averages the difference between each data and chooses it as the slope of the line it creates. then it positions this line so that it passes right through the middle of the data at hand. It uses standard deviation to create trading zones.
How to use it?
It can be used both to have an idea about the trend direction and to determine buy-sell zones. You can choose how many candles the indicator will calculate from the "lenght" section. The "range" part is the coefficient of the standard deviation and can be used to expand or collapse zones.
GKYZ-Filtered, Non-Linear Regression MA [Loxx]GKYZ-Filtered, Non-Linear Regression MA is a Non-Linear Regression of price moving average. Use this as you would any other moving average. This also includes a Garman-Klass-Yang-Zhang Historical Volatility Filter to reduce noise.
What is Non-Linear Regression?
In statistics, nonlinear regression is a form of regression analysis in which observational data are modeled by a function which is a nonlinear combination of the model parameters and depends on one or more independent variables. The data are fitted by a method of successive approximations.
What is Garman-Klass-Yang-Zhang Historical Volatility?
Yang and Zhang derived an extension to the Garman Klass historical volatility estimator that allows for opening jumps. It assumes Brownian motion with zero drift. This is currently the preferred version of open-high-low-close volatility estimator for zero drift and has an efficiency of 8 times the classic close-to-close estimator. Note that when the drift is nonzero, but instead relative large to the volatility , this estimator will tend to overestimate the volatility . The Garman-Klass-Yang-Zhang Historical Volatility calculation is as follows:
GKYZHV = sqrt((Z/n) * sum((log(open(k)/close( k-1 )))^2 + (0.5*(log(high(k)/low(k)))^2) - (2*log(2) - 1)*(log(close(k)/open(2:end)))^2))
Included
Alerts
Signals
Loxx's Expanded Source Types
Bar coloring
Fourier Spectrometer of Price w/ Extrapolation Forecast [Loxx]Fourier Spectrometer of Price w/ Extrapolation Forecast is a forecasting indicator that forecasts the sinusoidal frequency of input price. This method uses Linear Regression with a Fast Fourier Transform function for the forecast and is different from previous forecasting methods I've posted. Dotted lines are the forecast frequencies. You can change the UI colors and line widths. This comes with 8 frequencies out of the box. Instead of drawing sinusoidal manually on your charts, you can use this instead. This will render better results than eyeballing the Sine Wave that folks use for trading. this is the real math that automates that process.
Each signal line can be shown as a linear superposition of periodic (sinusoidal) components with different periods (frequencies) and amplitudes. Roughly, the indicator shows those components. It strongly depends on the probing window and changes (recalculates) after each tick; e.g., you can see the set of frequencies showing whether the signal is fast or slow-changing, etc. Sometimes only a small number of leading / strongest components (e.g., 3) can extrapolate the signal quite well.
Related Indicators
Fourier Extrapolator of 'Caterpillar' SSA of Price
Real-Fast Fourier Transform of Price w/ Linear Regression
Fourier Extrapolator of Price w/ Projection Forecast
Itakura-Saito Autoregressive Extrapolation of Price
Helme-Nikias Weighted Burg AR-SE Extra. of Price
***The period parameter doesn't correspond to how many bars back the drawing begins. Lines re rendered according to skipping mechanism due to TradingView limitations.
DB LinReg Price ChannelDB LinReg Price Channel
What does the indicator do?
This indicator is very simple and designed to plot a quick linear regression channel for high, hlc3, and low. It allows the symbol and timeframe to be configured in the settings.
The purpose of the indicator is to obtain a price channel for the desired timeframe with outliers removed.
How should this indicator be used?
I personally use two of the indicators with one set to the current timeframe and the second set to 2x of the current timeframe. For example, 12H and Daily which gives you a fast and slow price channel for your desired timeframe. Price channels can help you know the value of the current price in respect to the timeframe and for pricing stop losses and liquidation levels.
Does the indicator include any alerts?
Not yet.
Use at your own risk and do your own diligence.
Enjoy!
Regression Channel, Candles and Candlestick Patterns by MontyRegression Candles by ugurvu
Regression Channel by Tradingview
All Candlestick Patterns By Tradingview
This script was combined for a friend of mine who needed this.
This Script has regression candles by ugurvu, Regression channel and Candlestick patterns by tradingview.
The intention was to fuse these together so more information can be processed on the cost of a single indicator.
