Joined Mar 2017
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Status: Working smart and hard
|2,949 Posts
Here I want to share indis that I made.
Linear regression slope tells you the slope of the linear regression channel.
If it's negative that mean the slope of the linear regression trend line is down vice versa.
LrMA Band indicator shows the linear regression moving average. In its indi input has true/false option that can show the band (just like a Bollinger band).
Here I want to share indis that I made. Linear regression slope tells you the slope of the linear regression channel. If it's negative that mean the slope of the linear regression trend line is down vice versa. LrMA Band indicator shows the linear regression moving average. In its indi input has true/false option that can show the band (just like a Bollinger band). {file} {file}
Hello! I'm looking for a developer who can add an email and sms alert function when there is a breakout at the closing of a candle with the moving average linear regression indicator. Could you help me? Thank you for your help.
Thanks for sharing this codes. I tested the linear regression slope and found a slight issue. There should be the option of computing the LRS excluding the last candle. This is the only way to for the indicator to work for automated trading if you want to use the closing values.
Let me explain what I mean by excluding the last candle with a simple example:
Say the period is 5, there is no shift and you are interested in the closing values,
Normally, you would compute the LRS for candles -4, -3, -2, -1, 0. o is the current candle and thus we can't know the LRS untill it closes.
An option is needed for the LRS of candles -5,-4, -3, -2, -1. Thus we know the most current LRS at all times, the most current being the one up to the last close.
