INVITE-ONLY SCRIPT
Anchored LinReg
Overview of the Indicator
This stock market indicator is a linear regression channel anchored at a point determined by a proprietary algorithm. The algorithm identifies potential reversal or continuation points based on historical momentum, providing insights into market trends.
The channel is color-coded to reflect the strength of the trend:
- Green indicates a strong uptrend.
- Yellow signals a weakening trend.
- Red represents a strong downtrend.
The channel width represents market volatility, with a wider channel indicating higher volatility.
How to Use the Indicator
- Identifying Trends:
- In a strong uptrend, the entire channel will be green.
- In a weakening uptrend, the channel will turn yellow.
- In a strong downtrend, the channel will be red.
- In a weakening downtrend, the channel will be yellow.
- Reversal Points:
- Monitor trailing segments for potential reversal points. A break outside the trailing segment may signal a reversal.
- Volatility:
- The channel width provides a measure of volatility. A wider channel indicates higher volatility, while a narrower channel suggests lower volatility.
Caution Points
- No Guarantees: No indicator is infallible. This tool is based on historical data and helps clarify trend direction and strength, but it does not guarantee future price movements.
- Complementary Use: For best results, use this indicator alongside other analytical tools and indicators to make well-informed trading decisions.
- Market Conditions: The indicator may frequently change direction and color in volatile or choppy markets and is not designed to function as a standalone trading system.
Customization
- Anchor Threshold: Determines the strength of the anchor point, typically set automatically. Manual adjustments are rare and usually only needed if issues arise.
- Deviation: Adjusts the channel width. The default is 2, which is suitable for most markets. Lower deviations (e.g., 1) indicate a narrower channel with approximately 68% of price action contained, while higher deviations (e.g., 3) capture around 99%.
- Deviation of 1: Best for mean reversion strategies.
- Deviation of 2: Recommended for trend-following strategies.
- Source: Defines the price calculation for channel identification. The default is the closing price, but this can be adjusted to other price calculations as preferred.
Interpretation
- Trend Alignment:
- In an uptrend, the price will generally move towards the green area.
- In a downtrend, the price will typically gravitate towards the red area.
- Trend Longevity: Longer trends are more likely to see prices stay within the channel.
- Color Consistency: When both channel lines are the same color, it is a strong indication of where price action will likely occur.
This indicator provides valuable insights into market trends and volatility, aiding in better trading decisions when used effectively in conjunction with other tools and analyses.
This stock market indicator is a linear regression channel anchored at a point determined by a proprietary algorithm. The algorithm identifies potential reversal or continuation points based on historical momentum, providing insights into market trends.
The channel is color-coded to reflect the strength of the trend:
- Green indicates a strong uptrend.
- Yellow signals a weakening trend.
- Red represents a strong downtrend.
The channel width represents market volatility, with a wider channel indicating higher volatility.
How to Use the Indicator
- Identifying Trends:
- In a strong uptrend, the entire channel will be green.
- In a weakening uptrend, the channel will turn yellow.
- In a strong downtrend, the channel will be red.
- In a weakening downtrend, the channel will be yellow.
- Reversal Points:
- Monitor trailing segments for potential reversal points. A break outside the trailing segment may signal a reversal.
- Volatility:
- The channel width provides a measure of volatility. A wider channel indicates higher volatility, while a narrower channel suggests lower volatility.
Caution Points
- No Guarantees: No indicator is infallible. This tool is based on historical data and helps clarify trend direction and strength, but it does not guarantee future price movements.
- Complementary Use: For best results, use this indicator alongside other analytical tools and indicators to make well-informed trading decisions.
- Market Conditions: The indicator may frequently change direction and color in volatile or choppy markets and is not designed to function as a standalone trading system.
Customization
- Anchor Threshold: Determines the strength of the anchor point, typically set automatically. Manual adjustments are rare and usually only needed if issues arise.
- Deviation: Adjusts the channel width. The default is 2, which is suitable for most markets. Lower deviations (e.g., 1) indicate a narrower channel with approximately 68% of price action contained, while higher deviations (e.g., 3) capture around 99%.
- Deviation of 1: Best for mean reversion strategies.
- Deviation of 2: Recommended for trend-following strategies.
- Source: Defines the price calculation for channel identification. The default is the closing price, but this can be adjusted to other price calculations as preferred.
Interpretation
- Trend Alignment:
- In an uptrend, the price will generally move towards the green area.
- In a downtrend, the price will typically gravitate towards the red area.
- Trend Longevity: Longer trends are more likely to see prices stay within the channel.
- Color Consistency: When both channel lines are the same color, it is a strong indication of where price action will likely occur.
This indicator provides valuable insights into market trends and volatility, aiding in better trading decisions when used effectively in conjunction with other tools and analyses.
僅限邀請腳本
只有經作者批准的使用者才能訪問此腳本。您需要申請並獲得使用權限。該權限通常在付款後授予。如欲了解更多詳情，請依照以下作者的說明操作，或直接聯絡wmarkwilkinson。
請注意，此私人、僅限邀請的腳本尚未經過腳本管理員審核，其是否符合社群規範尚無定論。 除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
This script is currently in private beta. Access is only available to a few limited users.
提醒：在請求訪問權限之前，請閱讀僅限邀請腳本指南。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
僅限邀請腳本
只有經作者批准的使用者才能訪問此腳本。您需要申請並獲得使用權限。該權限通常在付款後授予。如欲了解更多詳情，請依照以下作者的說明操作，或直接聯絡wmarkwilkinson。
請注意，此私人、僅限邀請的腳本尚未經過腳本管理員審核，其是否符合社群規範尚無定論。 除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
This script is currently in private beta. Access is only available to a few limited users.
提醒：在請求訪問權限之前，請閱讀僅限邀請腳本指南。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。