produces the slope (beta), y-intercept (alpha) and coefficient of determination for a linear regression
regress(x, y, len) regress: computes alpha, beta, and r^2 for a linear regression of y on x
x : the explaining (independent) variable
y : the dependent variable
len : use the most recent "len" values of x and...
Simple way how to use Linear Regression for trading.
What we use:
• Linear Regression
• EMA 200 as a trend filter
Firstly we make two different linear regression movings as oscillator. For this we need to subtract slow moving from fast moving, so we get the single moving around zero. This is the green/red line which appears on the chart.
The trade open...
This script consist of two parts: linear SSL and DEMA. The difference between original SSL and current is that it calculated by linear regression. The logic is simple: when SSL "crossunder" and DEMA is above the price - we get short signal. When price became above DEMA and SSL "crossover" - close short.
Hi fellow traders..
Happy to share a Linear Regression & RSI Multi-Function Custom Screener with Table-Labels...
The Screener scans for Linear Regression 2-SD Breakouts and RSI OB/OS levels for the coded tickers and gives Summary alerts
Uses Tables (dynamica resizing) for the scanner output instead of standard labels!
This Screener cum indicator collection has...
The NonLinear Filter was created by John Ehlers and this one of his more unknown filters that work very well as a trendline and moving average. This is one of my favorites along with the instantenous trendlines that he created. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like to see me publish...
This oscillator is based on RSI combined with linear regression. The calculation of RSI is based on the linear regression value, not on simple "src" as usual. Otherwise, everything remains as usual: overbought and oversold values (which are painted in green and red).
There are several nice Linear Regression Channel scripts in the Public Library. and I tried to make one with some extra features too. This one can check if the Price breaks the channel and it shows where is was broken. Also it checks the momentum of the channel and shows it's increasing/decreasing/equal in a label, shape of the label also...
Fit a line at successive intervals, where the interval period is determined by a user-selected time frame, this allows the user to have an estimate of the intrinsic trend within various intervals.
Timeframe : Determine the period of the interval, if the timeframe is weekly then a new line will be fit at the start each weeks, by default "Daily"
Couldn't find searching for Linearly Weighted Moving Average (LWMA) in tradingview. Found one with the LWMA title, but it uses plain WMA calculation without the linearity which more heavily weights recent price data, which I need, so I try to made one.
LWMAs are also quicker to react to price changes than SMA and EMA. If you want a moving average with less lag...
Lines are the most widely used figures in technical analysis, this is due to the linear trends that some securities posses (daily log SP500 for example), support and resistances are also responsible for the uses of lines, basically linear support and resistances are made with the assumption that the line connecting two local maximas or minimas will...
Nothing fancy in terms of code, take this post as an educational post where i provide information rather than an useful tool.
Time-Series Forecasting And The Drift Method
In time-series analysis one can use many many forecasting methods, some share similarities but they can all by classified in groups and sub-groups, the drift method is a...
Holt's Forecasting method
Holt (1957) extended simple exponential smoothing to allow the forecasting of data with a trend. This method involves a forecast equation and two smoothing equations (one for the level and one for the trend):
Forecast equation: ŷ = l + h * b
Level equation: l = alpha * y + (1 - alpha) * (l + b)
Trend equation: b = beta * (l - l)...
This is my first public release of indicator code and my PSv4.0 version of "Linear Regression Channel", as it is more commonly known. It replicates TV's built-in "Linear Regression" without the distraction of heavy red/blue fill bleeding into other indicators. We can't fill() line.new() at this time in Pine Script anyways. I entitled it Linear Regression Trend...
Forecasting is a blurry science that deal with lot of uncertainty. Most of the time forecasting is made with the assumption that past values can be used to forecast a time series, the accuracy of the forecast depend on the type of time series, the pre-processing applied to it, the forecast model and the parameters of the model.
In tradingview we...
Based on my latest script "Linear Channels"
This is a trailing stop version of the linear channels. Thanks to capissimo for helping me fix several issues with the linear extrapolation part.
In order to know how the indicator work i recommend reading the post on the Linear Channels indicator here
Hope you like it and feel free to leave your suggestions :)