OPEN-SOURCE SCRIPT
ORDINARY LEAST SQUARES Slope by @XeL_Arjona
ORDINARY LEAST SQUARES Slope by xel_arjona
Ver. 1 by Ricardo M Arjona xel_arjona
DISCLAIMER:
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets.
The embedded code and ideas within this work are FREELY AND PUBLICLY available on the Web for NON LUCRATIVE ACTIVITIES and must remain as is.
WHAT'S THIS?
This is a REAL mathematically approach of an ORDINARY LEAST SQUARES LINE FITTING SLOPE as TradingView currently don't have a native one embedded, neither as a pine function. Other "Sope" indicators from this linear regression model I found on public library are currently based on "momentum" rather tan slope.
Any modifications or additions are quite welcome!
Cheers!
xel_arjona
Ver. 1 by Ricardo M Arjona xel_arjona
DISCLAIMER:
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets.
The embedded code and ideas within this work are FREELY AND PUBLICLY available on the Web for NON LUCRATIVE ACTIVITIES and must remain as is.
WHAT'S THIS?
This is a REAL mathematically approach of an ORDINARY LEAST SQUARES LINE FITTING SLOPE as TradingView currently don't have a native one embedded, neither as a pine function. Other "Sope" indicators from this linear regression model I found on public library are currently based on "momentum" rather tan slope.
Any modifications or additions are quite welcome!
Cheers!
xel_arjona
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.