(Created for Client)
Alpha (Unique price action of asset) indicator for ALTcoins implementation, taking `BINANCE:BTCUSDT` as the market reference. Can be improved by adding more BTC charts from more sources, so as to get a unified chart of BTC for market representation.
Set `alpha period` to a value, wherein you want to see the unique price action of the asset....
Library "regress"
produces the slope (beta), y-intercept (alpha) and coefficient of determination for a linear regression
regress(x, y, len) regress: computes alpha, beta, and r^2 for a linear regression of y on x
Parameters:
x : the explaining (independent) variable
y : the dependent variable
len : use the most recent "len" values of x and...
![OMGBTC: [NG] Indicator - Altcoin Alpha - v1](https://s3.tradingview.com/z/zRqLS3yC_mid.png "[NG] Indicator - Altcoin Alpha - v1")
![EURUSD: [RS]Murrey's Math Lines Smooth Channel](https://s3.tradingview.com/w/WJtpQk8y_mid.png "[RS]Murrey's Math Lines Smooth Channel")
