Trend-based Lindratic Regression
This is an effective trend-following script that uses a finite volume element, linear regression, quadratic regression and multiple EMAs to define appropriate times to enter and exit the market. It can be applied to any asset that has volume data available for it.
As it follows the trend it's a very low-risk strategy, but it's not made to catch and ride reversals. It would rather close a long at the top and close a short at the bottom, although this means you can expect not to be stopped out on any trade you take.
Works on any timeframe, although I did create this with the intention of scalping, so shorter timeframes are recommended.
Combined with a volatility filter, this would be a very effective script, allowing you to stand away from the market during flat periods and trading with the trend during exciting periods.
Access to the script will be grated for 10$ of most low-fee cryptocurrencies, as well as BTC. If you're interested reach out to me through TradingView or, alternatively, contact @overttheraibow through Telegram.
If there's enough demand for it, I will also create a strategy version of this study which will be given for free to those who purchased the script. As always, maximum 250 places available.
Good luck!
As it follows the trend it's a very low-risk strategy, but it's not made to catch and ride reversals. It would rather close a long at the top and close a short at the bottom, although this means you can expect not to be stopped out on any trade you take.
Works on any timeframe, although I did create this with the intention of scalping, so shorter timeframes are recommended.
Combined with a volatility filter, this would be a very effective script, allowing you to stand away from the market during flat periods and trading with the trend during exciting periods.
Access to the script will be grated for 10$ of most low-fee cryptocurrencies, as well as BTC. If you're interested reach out to me through TradingView or, alternatively, contact @overttheraibow through Telegram.
If there's enough demand for it, I will also create a strategy version of this study which will be given for free to those who purchased the script. As always, maximum 250 places available.
Good luck!