List of All my Indicators - https://www.tradingview.com/p/stocks/?so...
// Created by UCSgears -- Version 1 study(title="UCSGEARS - Linear Regression Curve", shorttitle="UCS-LRC", overlay=true) src = close len = input(defval=25, minval=1, title="Linear Regression Length") lrc = linreg(src, len, 0) plot(lrc, color = red, title = "Linear Regression Curve", style = line, linewidth = 2)
I'm trying to code a Linear Regression Band indicator that has the same standard deviations as the built in Linear Regression indicator/drawing tool.
The mean of my indicator (code below) is correct but the standard deviation bands are always in the wrong place when I compare them to the same length LR indicator or drawing tool.
Does anyone know how to fix this issue so that the bands match the built in drawing tool/indicator?
Here is my code ...
study(shorttitle="LRB", title="Linear Regression Bands", overlay=true)
source = close
length = input(50, minval=1)
offset = 0
mult = input(2, title="StDev", minval=0.001, maxval=5)
basis = linreg(source, length, offset)
dev = mult * stdev(source, length)
upper = basis + dev
lower = basis - dev
Many thanks! Pete
I would like to ask you for a small improvement to this one: the ability to apply the price calculations of the slope to High-Low-Open-Close prices.
I also need the ability to do the same in a DEMA (Double Exp MA) if you can help me :)
Thanks in advance!!!