OPEN-SOURCE SCRIPT
Actualizado Regression Indicator [BigBeluga]

Regression Indicator
Indicator Overview:
The Regression Indicator is designed to help traders identify trends and potential reversals in price movements. By calculating a regression line and a normalized regression indicator, it provides clear visual signals for market direction, aiding in making informed trading decisions. The indicator dynamically updates with the latest market data, ensuring timely and relevant signals.
Key Features:
⦾ Calculations
Regression Indicator: Calculates the linear regression coefficients (slope and intercept) and derives the normalized distance close from the regression line.
Pine Script®
⦿ Reversion Signals:
Marks potential trend reversal points.

⦿ Trend Identification:
Highlights when the regression indicator crosses above or below the zero line, signaling potential trend changes.

⦿ Color-Coded Candles:
Changes candle colors based on the regression indicator's value.

⦿ Arrow Markers:
Indicate trend directions on the chart.

⦿ User Inputs
The Regression Indicator is a powerful tool for analyzing market trends and identifying potential reversal points. With customizable inputs and clear visual aids, it enhances the trader's ability to make data-driven decisions. The dynamic nature of the indicator ensures it remains relevant with up-to-date market information, making it a valuable addition to any trading strategy."
Indicator Overview:
The Regression Indicator is designed to help traders identify trends and potential reversals in price movements. By calculating a regression line and a normalized regression indicator, it provides clear visual signals for market direction, aiding in making informed trading decisions. The indicator dynamically updates with the latest market data, ensuring timely and relevant signals.
Key Features:
⦾ Calculations
Regression Indicator: Calculates the linear regression coefficients (slope and intercept) and derives the normalized distance close from the regression line.
// @function regression_indicator is a Normalized Ratio of Regression Lines with close
regression_indicator(src, length) =>
sum_x = 0.0
sum_y = 0.0
sum_xy = 0.0
sum_x_sq = 0.0
distance = 0.0
// Calculate Sum
for i = 0 to length - 1 by 1
sum_x += i + 1
sum_y += src
sum_xy += (i + 1) * src
sum_x_sq += math.pow(i + 1, 2)
// Calculate linear regression coefficients
slope = (length * sum_xy - sum_x * sum_y)
/ (length * sum_x_sq - math.pow(sum_x, 2))
intercept = (sum_y - slope * sum_x) / length
// Calculate Regression Indicator
y1 = intercept + slope
distance := (close - y1)
distance_n = ta.sma((distance - ta.sma(distance, length1))
/ ta.stdev(distance, length1), 10)
[distance_n, y1]
⦿ Reversion Signals:
Marks potential trend reversal points.
⦿ Trend Identification:
Highlights when the regression indicator crosses above or below the zero line, signaling potential trend changes.
⦿ Color-Coded Candles:
Changes candle colors based on the regression indicator's value.
⦿ Arrow Markers:
Indicate trend directions on the chart.
⦿ User Inputs
- Regression Length: Defines the period for calculating the regression line.
- Normalization Length: Period used to normalize the regression indicator.
- Signal Line: Length for averaging the regression indicator to generate signals.
- Main Color: Color used for plotting the regression line and signals.
The Regression Indicator is a powerful tool for analyzing market trends and identifying potential reversal points. With customizable inputs and clear visual aids, it enhances the trader's ability to make data-driven decisions. The dynamic nature of the indicator ensures it remains relevant with up-to-date market information, making it a valuable addition to any trading strategy."
Notas de prensa
- Regression calculation fix(y1 = intercept + slope * length)
Notas de prensa
-Update to pine script V6Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
🔵Gain access to our powerful tools : bigbeluga.com
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
🔵Gain access to our powerful tools : bigbeluga.com
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.