OPEN-SOURCE SCRIPT
Linear Regression Channels
This script tries to find when a trading channel is developing and once is developed it will save it for later use on 2 variables up and down channel. You can access the last 2 channels for comparisons but this could be extensible for more channels.
You can choose the delta for the alignment accuracy of the channel.
The error for the difference between channels and the deviation for the width of the channel based on standard deviation.
Offset is for the alignment basically if the alignment is the same at the begining and at the offset the algo consider that a Channel.
You can choose the delta for the alignment accuracy of the channel.
The error for the difference between channels and the deviation for the width of the channel based on standard deviation.
Offset is for the alignment basically if the alignment is the same at the begining and at the offset the algo consider that a Channel.
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.