Linear Regression - Reverse Up/Down Strategy

For my first foray into pine script I took the code from the generic "Consecutive up/down" and flipped the logic. I added a linear regression filter to try and stay with the overall trend. ATR added for visual, I eventually want to use it as part of the money management.

Rules to open trade or close the opposite:
IF the linear regression slope is >=0 AND the last candle closes lower, BUY
IF the linear regression slope is <=0 AND the last candle closes higher SELL

Rules to close the opposite:
IF the linear regression slope is >=0 AND the last candle closes higher, close any open SELL
IF the linear regression slope is <=0 AND the last candle closes lower, close any open BUY

Nota Keluaran

Go with or against the Linear Regression trend using pullbacks or looking for breakouts of consecutive bars.

Nota Keluaran

Updated smooth moving average for ATR channel

Nota Keluaran

Added RSI for filtering overbought and oversold conditions

Nota Keluaran

Code cleanup.

Nota Keluaran

moved early exit to after entry to reduce redundant position calls

Nota Keluaran

Set default behavior to go with major trend(200 linear regression slope) and against minor trend pullbacks(4 linear regression slope)

Nota Keluaran

Added a date range function for choosing which date to test.

Skrip sumber terbuka

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bruce.lesko

Penafian

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Skrip sumber terbuka

bruce.lesko