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This script calculates the average deviation of the source data from the linear regression. When used with the indicator, it can plot the data line and display various pieces of information, including the maximum average dispersion around the linear regression.

The code includes various user configurations, allowing for the specification of the start and end dates of the period for which to calculate linear regression, the length of the period to use for the calculation, and the data source to use.

The indicator is designed for multi-timeframe use and to facilitate analysis for traders who use regression models in their analysis. It displays a green linear regression line when the price is above the line and a red line when the price is below. The indicator also highlights areas of dispersion around the regression using circles, with bullish areas shown in green and bearish areas shown in red.
Added a function to adjust the linear regression deviation. The indicator adjusts the deviation data calculating only the time period selected by the user interface.


本著真正的TradingView精神,該腳本的作者將其開源發布,以便交易者可以理解和驗證它。為作者喝彩吧!您可以免費使用它,但在出版物中重複使用此代碼受網站規則的約束。 您可以收藏它以在圖表上使用。