PROTECTED SOURCE SCRIPT
Linear Regression Trendlines & Channels
Telah dikemas kini
This new script came to me one night all of a sudden and it seems to be common knowledge for how good it works.
The script utilizes linear regression to determine trendlines and channels, identifying instances where closing prices closely align with the regression line. When a significant number of closing prices fall within proximity to the regression line, trendlines are displayed or generated.
Users have the flexibility to customize the proximity criteria by adjusting the margin and percentage thresholds. These parameters allow for precise control over how closely the closing prices should adhere to the regression line, as well as the minimum percentage of closing prices required to fit within the specified margin.
Moreover, the script is adaptable to logarithmic scales, ensuring compatibility with various chart configurations. Additionally, it stores all relevant data in an array for convenient access in future scripts or analyses.
The script utilizes linear regression to determine trendlines and channels, identifying instances where closing prices closely align with the regression line. When a significant number of closing prices fall within proximity to the regression line, trendlines are displayed or generated.
Users have the flexibility to customize the proximity criteria by adjusting the margin and percentage thresholds. These parameters allow for precise control over how closely the closing prices should adhere to the regression line, as well as the minimum percentage of closing prices required to fit within the specified margin.
Moreover, the script is adaptable to logarithmic scales, ensuring compatibility with various chart configurations. Additionally, it stores all relevant data in an array for convenient access in future scripts or analyses.
Nota Keluaran
Remove the array part and republish for better showing
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.