[image/x/iZvwDWEY/ Relative Strength indicator comparing the current symbol to SPY (or any other benchmark). It may help to pick the right assets to complement the portfolio build around core ETFs such as SPY. The general idea is to show if the current symbol outperforms or underperforms the benchmark (SPY by default) when bought some certain time ago. Relative...
This is your basic single moving average but with a "slope" component. The idea here is that once a slope reaches a value great enough you should probably only trade with the trend so this indicator allows you to set that threshold separately for going long and short. The indicator is designed to display on both the main chart and a separate chart area. If you...
The Projection Bands were created by Mel Widner (Stocks and Commodities Jul 1995) and this indicator and the other two that rely on this one (I will publish them later) are very underappreciated in my humble opinion. The biggest strength of this indicator is the fact that it is a leading indicator for dramatic price movements. As you can see in my example chart it...
Four time frames in one indicator in different colors, showing current price trend in different scopes. If the slope of the smaller time frame is in a (0,75;1,25) interval of some of the bigger ones the smaller one is omitted (different signs near zero are not coalesced in that way though). Every time frame has four deltas of range in trend lines of different...
Pairs trading using hedge ratio. Firstly, it calculates hedge ration using OLS linear regression. Then it calculates spread and z-score of spread. if spread in specific range (which it's possible to change in settings) it makes Long/Short orders. The very basic script.
This indicator is inspired by traditional statistical histograms. It will return the number of occurrences of price falling within each interval (bins) of the linear regression channel. This can be useful to highlight zones of interest within a trend. Settings Length: Number of recent closing prices used for the computation of the linear regression. Bins...
Both the RSI (Relative Strength Index) and the Linear Regression ( LR ) rank among the most popular momentum indicators used in trading. When used in combination with other technical indicators (ZigZag), both RSI, LR and ZigZag can offer value in validating trade opportunities to optimize your risk management practices. Here’s a look at how to use RSI, LR and...
This indicator displays a fan using a linear regression fit to the price as a base. All lines are equidistant and are drawn from the first point of the linear regression to the most recent point of the linear regression plus the root-mean-square deviation (RMSD) multiplied by a certain factor. Settings Length: Lookback period for the linear regression. ...
Calculates a log-log regression from arrays. Due to line limits, for sets greater than the limit, only every nth value is plotted in order to cover the entire set.
Calculates an exponential regression from arrays. Due to line limits, for sets greater than the limit, only every nth value is plotted in order to cover the entire set.
This indicator uses a simple time series forecasting method derived from the similarity between recent prices and similar/dissimilar historical prices. We named this method "ECHO". This method originally assumes that future prices can be estimated from a historical series of observations that are most similar to the most recent price variations. This similarity...
This code is a modified version of the built-in "linear regression" script of Tradingviews which can be plotted correctly on logarithmic charts The log reg code of Forza was adjusted by altustro to generate an exponential regression (or a correct linear regression on the log scale, this is equivalent). The standard deviation in the log scale is a better volatility...
In Tradingview it is not possible to actually display arbitrary non-linear functions retrospectively. Series objects can only depend on the current or past bars Thus, while regression is possible, display of a non-linear curve into the past is not possible This script is a workaround to be able to still display an exponential fit of the last n bars. It is based...
Both the Moving Average Convergence Divergence (MACD) and the Linear Regression (LR) rank among the most popular momentum indicators used in trading. When used in combination with other technical indicators, both MACD and LR can offer value in validating trade opportunities to optimize your risk management practices. While they represent a similar approach to...
This is combination of multiple indicators and strategies. Mainly useful for indexes and to time the entry and exits of indexes. No stoploss used - makes it less desirable for leveraged trades or trading individual stocks. Let us rewind and look back at some of the indicators/strategies published earlier. 1. Moving Average Candles - this is one of my favourite...
Regression trends are typically used to determine when a price is unusually far from its baseline. The script calculates the linear regression of volume and price to determine the trend direction and strength. This can be used to determine the volume support for upward/downward trends. As a special feature, this indicator allows you to choose from three (as of...
1 -Objective "What is the ''best'' day to trade .. Monday, Tuesday...." This script aims to determine if there are different results depending on the day of the week. The way it works is by dividing data by day of the week (Monday, Tuesday, Wednesday ... ) and perform calculations for each day of the week. 1 - Objective 2 - Features 3 - How to use (Examples) 4...
This indicator shows three types of support and resistance lines: Horizontal, Parallel (using linear regression) and Fibonacci Retracement. Lines can be adjusted or turned on and off in settings. A great tool for setting up entries, exits and locating pivot points.