TradingView
OmegaTools
27 sie 2023 21:05

Linear Regression Indicator 

US Nas 100OANDA

Opis

This tool can be used to determine the direction of the current trend.

The indicator changes the color of the candles based on the direction of the linear regression formula. This is made settings the length of the short-term linear regression in the settings, the longer one is also based on that parameter but significantly larger.

The indicator also plots the average between the two linear regression lines used in the candle coloring formula, and can be used both for support and resistance or as a trend line used to analyze breakouts.
Więcej