Is calculated by using the formula y(x)=y1+ (x−x1/x2−x1) * (y2−y1). Linear Extrapolation. You can edit the x1 and x2 coordinate distance, where x is the current point, x1 is the number of periods previous, and x2 is two times the previous periods. Measures the differences between a line of best fit and average line and issues signals when they exceed a...
Hello Traders! We need to make things better & better to solve the puzzle and I try to do my best on this way. now I am here with my new Trend Lines Pro script. As you know, Trend Lines is very subjective and many people (even professionals) draw different Trend Lines on the same chart. This is confusing and there must be an automation to make the life easer....
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. Settings 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...
Experimental: its a play at linear forecasting. use replay feature to see it in action: streamable.com
Introduction 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...
Introduction 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...
Hello Friends.. This is Auto Trend Channel using linear regression ,, So helpful and smart ! Play with the options to adjust the precision. *Note that the selected time frame in options must be > your current time frame (logic) to draw lines.
This is the power law model by Berger in script form for Tradingview. Enjoy!
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...
Introduction 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 :)
Introduction I already made an indicator (simple line) that tried to make lines on price such that the results would not repaint and give a good fit to the price, today i publish a channels indicator based on the simple line indicator. The indicator aim to show possible support and resistance levels when the central line posses a low sum of squares with the...
Linear moving average is one of the best indicators i have written. LMA works like trend lines. Whatever lookback period you chose, it doesn't go very far away from the price. Disclaimer: This is not financial advice Remember to follow me if you like to get notified when i publish new indicators or analysis Trade safe Atilla
Combo of many useful indicators, contains 1)Regular and Hidden Divergence Buy and Sell signals by scarf 2)Time and Money channels by Lazybear 3)Fibonacci Bollinger Bands by Rashad 4)Linear Regression Curve by ucsgears Thanks for all the creators for the source codes!
linear regression channel is an indicator which has been written according to linear regression and exponential moving average (ema). the indicator nicely shows major trend and key levels and has a good performance on almost all pairs and time frames.
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...