Linear Regression Slope - Version 2

จำนวนเข้าชม 26321
Version 2 - Linear Regression Slope. This version will have more freedom on picking your own length for all the Inputs.

One of the main reason I changed it is because, Slope calculation on transition period was not being computed properly. Because the Version 1, looks back the length assigned, and compute the slope based on two candle readings, could be 10 days apart or 50. That was misleading.

Therefore, I changed it to plot daily slope and Smooth it with an EMA .

Linear Regression Curve -
List of All my Indicators - https://www.tradingview.com/p/stocks/?so...

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.

// Created by UCSgears -- Version 2
// Simple linear regression slope - Good way see if the trend is accelarating or decelarating

study(title="UCSGEARS - Linear Regression Slope", shorttitle="UCS-LRS", overlay=false)

src = close
clen = input (defval = 50, minval = 1, title = "Curve Length")
slen = input(defval=5, minval=1, title="Slope Length")
glen = input(defval=13, minval=1, title="Signal Length")

//Linear Regression Curve
lrc = linreg(src, clen, 0)
//Linear Regression Slope
lrs = (lrc-lrc[1])/1
//Smooth Linear Regression Slope
slrs = ema(lrs, slen)
//Signal Linear Regression Slope
alrs = sma(slrs, glen)
//loalrs = sma(slrs, (glen*5))

uacce = lrs > alrs and lrs > 0 
dacce = lrs < alrs and lrs < 0 

scolor = uacce ? green : dacce ? red : blue

plot(0, title = "Zero Line", color = gray)
plot(slrs, color = scolor, title = "Linear Regression Slope", style = histogram, linewidth = 4)
plot(alrs, color = gray, title = "Average Slope")