MrTuanDoan

Linear Regression Trend Channel with Entries & Alerts

Please Use this Indicator If you understand the risk posed by linear regression trend channel

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
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I'm happy to help you improve your trading.
Telegram: @MrTuanDoan

Comments

Are the trades for 3-5 minutes?
+4 Reply
MrTuanDoan nuvision1001
@nuvision1001, Yes. And please take trades with other confirmations from RSI, Stoch + DMI.
I'm happy to discuss with you on Telegram @TuanDoanMM
Cheers
Tuan
Reply
Hi,
what is the condition for "close"
>>alertcondition(ready_to_buy or ready_to_sell, title='General Alert v0.2', message='Price is close to upper/lower channel.'<<
Cheers
Ingo
Reply
Price keep on changing with market movement. Any perfect signal with stoploss is good. I feel. Is it possible. Please reply
Reply
MrTuanDoan raja74sekhar
@raja74sekhar,
Yes, you're right.
The channel will be updated based on current price.
This indicator only provides possible entry point for reversal.

It's not 100% correct.
Please use it with other confirmations before you enter a trade.
Thank you for using the Channel.
Cheers.
Reply
Hi Tuan,
Can I use this script to trade the ETF?
Thanks,
Michael
Reply
MrTuanDoan mma9488
@mma9488,
Hi Michael,
Of course you can.
But please test it on demo account.
Cheers.
Tuan
Reply
E muốn góp ý là A có thể thêm MTF vào để ta có thể xem 1 kênh giá lớn hơn được ko ạ
Reply
MrTuanDoan solobem
@solobem
Thank you bro. Please add me on Telegram so we can discuss more. :D
@TuanDoanMM
Reply
hay quá anh ơi ♥
Reply
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