OPEN-SOURCE SCRIPT
Updated Linear Regression Trend Channel with Entries & Alerts
Please Use this Indicator If you understand the risk posed by linear regression trend channel
Features
*Best used with MattyPips strategy indicators
*Risks: Please note, this script is the likes of Bollinger bands and poses a risk of falling in a trend range.
*Entries may keep running on the same direction while the market is moving.
Features
- Provides trend channel (best value for period is 40 on 5 minute timeframe
- Provides BUY/SELL entries based on current channel
- Provides custom color for channel
*Best used with MattyPips strategy indicators
*Risks: Please note, this script is the likes of Bollinger bands and poses a risk of falling in a trend range.
*Entries may keep running on the same direction while the market is moving.
Release Notes
Version 0.2- Added alerts for BUY/SELL/GENERAL (both cases)
- Added previous entries using Look Back
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.