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Logarithmic Trend Channel

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This indicator automatically draws a regression channel plotted on logarithmic scale from the first quotation.

This model is useful for the long term series data (such as 10 or 20 years time span).

The Pearson correlation measures the strength of the linear relationship between two variables. It has a value between to 1, with a value of 0 meaning no correlation, and + 1 meaning a total positive correlation.

Logarithmic price scales are a type of scale used on a chart, plotted such that two equivalent price changes are represented by the same vertical changes on the scale.
They differ from linear price scales because they display percentage points and not dollar price increases for a stock.

Technical issues
*The user have to pan over the chart from the beginning to the end of the study range (such as 10 years of bars) so the pine script could generate those lines on the chart.
*If on the chart the number of bar is less than the lookback period, it won't generate any lines as well.
發行說明
Colour adjustments
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shorttitle changed
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Pine script V5 update
發行說明
Logarithmic Trend Channel Max
LINELinear RegressionLOGLOGARITHMIClong-termregressionregressionanalysisregression-channelregressionstrendTrend Analysistrendtrading

受保護腳本

該腳本是閉源發佈的,您可以自由使用。您可以把它加入到常用以在圖表上使用它。您無法查看或修改其原始碼。

想在圖表上使用此腳本?


The trend is your friend, until it's not...
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