OPEN-SOURCE SCRIPT
linreg-areas (like fib system just more accurate)
So this system is a different approach to form a daily fib like system.
Its based on linear regression and its slope , we calculate the slope of the line and we put it in MTF format that is without security and non repainting (int2=1440 min)
As you in graph the coin in this case BTC has cycle from low to high similar to the fibs system.
the lowest level is bellow -0.2 , next level is -0.1 ,0,0.1 and above 0.2 is consider the highest
with this system its easy to find the highs and the lows as the coin go between the levels either up or down like the fibs system.
one can use this together with fibs system in order to make analysis more accurate.
also it easy to set signals once the slope go between levels either up or down . another advantage for this system compare to fibs system is the ability to reduce the MTF to lower frame let say 4 hour or even less and then by the same logic to create system of high and lows to the most smaller frames (but if you do that you need in code to change the levels setting numbers so it fit the best )
follow the direction of the slope and you will find the road that you wish:))
Its based on linear regression and its slope , we calculate the slope of the line and we put it in MTF format that is without security and non repainting (int2=1440 min)
As you in graph the coin in this case BTC has cycle from low to high similar to the fibs system.
the lowest level is bellow -0.2 , next level is -0.1 ,0,0.1 and above 0.2 is consider the highest
with this system its easy to find the highs and the lows as the coin go between the levels either up or down like the fibs system.
one can use this together with fibs system in order to make analysis more accurate.
also it easy to set signals once the slope go between levels either up or down . another advantage for this system compare to fibs system is the ability to reduce the MTF to lower frame let say 4 hour or even less and then by the same logic to create system of high and lows to the most smaller frames (but if you do that you need in code to change the levels setting numbers so it fit the best )
follow the direction of the slope and you will find the road that you wish:))
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Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.