Kernel Regression Ribbon is a flexible, visually pleasing trend identification tool. Plotting 8 different kernel regressions of different types and parameters allows the user to see where levels of support and resistance are being tested, retested and broken.
What’s Kernel Regression?
A statistical method for estimating the best fitting curve for a dataset, in this case, a time/price chart.
How’s Kernel Regression different from a Moving Average?
A Moving Average is basically a simple form of Kernel Regression, in that it uses a fixed (Retangular) Kernel function. In an MA, all data points are weighted equally over its length. However, a Kernel function reacts more to data points that are closer to the current point. This means it will adapt more quickly to changes in data than an MA. Due to this adaptability, Kernel functions often form part of Machine Learning.
Using this indicator:
Explore the default Regular mode first to get a feel for the inputs, which are more numerous than for MAs. Try out different settings, filters and intervals to get the best out of each kernel. Not all parameters are available for each KR. There are info tips to explain this in the menu, but I’ve also included handy, optional labels on the chart for each KR as a more accessible guide.
Once you know your way round the Regular mode, check out the Presets and start changing the parameters of each kernel to your liking in the “User KR1, KR2, … “ mode. Each kernel type has its strong and weak points. Blending different kernels is where this indicator comes into its own. Give your charts a funky shine!
This indicator does NOT repaint.
This script acknowledges, and hopefully showcases, the great work of @veryfid Kernel Regression Toolkit.
Nota Keluaran
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Bug fix
Nota Keluaran
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Minor update: Alerts added. Regular, default preset modified.
Thanks brother , Veryfid would be proud of your work in heavens.
alvr0707
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Hi sir. Can we use it MTF. For example default settings works pretty at 30 minutes. But I want to see the lines and crossovers closer at 5*minutes same as 30?
alphaXiom
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@alvr0707, Hi. If I understand correctly, you want to 'freeze' the indicator from one timeframe and scale it to another? It doesn't work quite like that, as the datapoints will be totally different in different timeframe charts. That is, 'close' in one timeframe is only one parameter of several that determine the indicator's print. The quickest way to get a scaling effect, is to stay in 'Regular' Mode and play with the 'Regular interval' setting next to 'Start at bar, Initial'. Thanks for your support
alvr0707
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@alphaXiom, thanks for the answer. I will do that. Again this indicator is the best one I ever seen at TW. REGARDS.
alvr0707
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This indicator makes the chart like very much clean. Really easy to identify the movene way. I just want to ask a one question about following the movement close. Which indicator do you advise to follow the movement as near as possible. Thanks for your support. And thank for this indicator. Really great work!!!, I'm gonna share it all my social media.