OPEN-SOURCE SCRIPT
linreg-areas (like fib system just more accurate)
So this system is a different approach to form a daily fib like system.
Its based on linear regression and its slope , we calculate the slope of the line and we put it in MTF format that is without security and non repainting (int2=1440 min)
As you in graph the coin in this case BTC has cycle from low to high similar to the fibs system.
the lowest level is bellow -0.2 , next level is -0.1 ,0,0.1 and above 0.2 is consider the highest
with this system its easy to find the highs and the lows as the coin go between the levels either up or down like the fibs system.
one can use this together with fibs system in order to make analysis more accurate.
also it easy to set signals once the slope go between levels either up or down . another advantage for this system compare to fibs system is the ability to reduce the MTF to lower frame let say 4 hour or even less and then by the same logic to create system of high and lows to the most smaller frames (but if you do that you need in code to change the levels setting numbers so it fit the best )
follow the direction of the slope and you will find the road that you wish:))
Its based on linear regression and its slope , we calculate the slope of the line and we put it in MTF format that is without security and non repainting (int2=1440 min)
As you in graph the coin in this case BTC has cycle from low to high similar to the fibs system.
the lowest level is bellow -0.2 , next level is -0.1 ,0,0.1 and above 0.2 is consider the highest
with this system its easy to find the highs and the lows as the coin go between the levels either up or down like the fibs system.
one can use this together with fibs system in order to make analysis more accurate.
also it easy to set signals once the slope go between levels either up or down . another advantage for this system compare to fibs system is the ability to reduce the MTF to lower frame let say 4 hour or even less and then by the same logic to create system of high and lows to the most smaller frames (but if you do that you need in code to change the levels setting numbers so it fit the best )
follow the direction of the slope and you will find the road that you wish:))
Script open-source
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Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.