Linear Regression Trend Channel with Entries & Alerts — Indicator by MrTuanDoan

trendanalysis binaryoption trendtrading reversal trendregression

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

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

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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