OPEN-SOURCE SCRIPT
Updated Linear Regression Volume | Lyro RS
Linear Regression Volume | Lyro RS
⚠️Disclaimer⚠️
Always combine this indicator with other forms of analysis and risk management. Please do your own research before making any trading decisions.
The LR Volume | 𝓛𝔂𝓻𝓸 𝓡𝓢 indicator blends linear regression with volume-adjusted moving averages to dynamically outline price equilibrium and trend intensity. By integrating volume into its regression model, it highlights meaningful price movement relative to trading activity.
📌 How It Works:
⚙️ Inputs & Options:
🔔 Alerts:
⚠️Disclaimer⚠️
Always combine this indicator with other forms of analysis and risk management. Please do your own research before making any trading decisions.
The LR Volume | 𝓛𝔂𝓻𝓸 𝓡𝓢 indicator blends linear regression with volume-adjusted moving averages to dynamically outline price equilibrium and trend intensity. By integrating volume into its regression model, it highlights meaningful price movement relative to trading activity.
📌 How It Works:
- Volume-Weighted Regression Baseline
Price is filtered through one of four volume-adjusted moving averages (SMA, RMA, HMA, ALMA) before being passed through a linear regression model, forming a dynamic fair value line. - Deviation Bands
The indicator plots 1x, 2x, and 3x standard deviation zones above and below the baseline, helping identify potential extremes, volatility spikes, and mean reversion areas. - Slope-Based Color Logic
The baseline and fill areas are dynamically colored:
- 🟢 Green for positive slope (uptrend)
- 🔴 Red for negative slope (downtrend)
- ⚪ Gray for neutral movement
⚙️ Inputs & Options:
- Regression Length – Controls how many bars are used in the moving average and regression calculation.
- Deviation Multiplier – Adjusts the width of the bands surrounding the regression baseline.
- MA Type – Choose from 4 types:
SMA (Simple Moving Average)
RMA (Relative Moving Average)
HMA (Hull Moving Average)
ALMA (Arnaud Legoux Moving Average) - Band Colors – Customizable upper/lower band colors to match your visual style.
🔔 Alerts:
- Long Signal – Triggers when the regression slope turns positive.
- Short Signal – Triggers when the regression slope turns negative.
Release Notes
Chart Fix.Release Notes
chart fix again.Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.