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Indicators

Linear Regression calculation based on pine script v4 - indicator for MetaTrader 5

Yashar Seyyedin
Views:
3627
Rating:
(6)
Published:
2023.12.25 07:55
Updated:
2023.12.29 17:16
linreg.mq5 (3.03 KB) view
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Linear regression curve

A line that best fits the prices specified over a user-defined time period. It is calculated using the least squares method. The result of this function is calculated using the formula: linreg = intercept + slope * (length - 1 - offset), where length is the y argument, offset is the z argument, intercept and slope are the values calculated with the least squares method on source series (x argument)

pine script v4 function I/O

linreg(source, length, offset) → series[float]

This indicator includes a simple function to calculate the linreg function based on pine script. This function can be used as a copy and paste snippet in conversion projects from tradingview platform.

ScreenshotLinreg


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