Borjas Tarh Horizontals Automatically Plot Horizontals Support and Resistance. In the Setting, you should optimize the values according to each time frame of the ticker. Pivot Length : Number of bars to use to calculate pivot Max Breaks : Maximum number of times a line can be broken before it's invalidated Max Distance % : Maximum distance PA can move...
This is a continuation of the series on forecasting techniques. Locally weighted linear regression is a non-parametric algorithm, that is, the model does not learn a fixed set of parameters as is done in ordinary linear regression. Rather parameters Θ (theta) are computed individually for each query point x. While computing Θ, a higher “preference” is given to the...
There is not much to say - just vanilla locally weighted regression in PineScript 4. see: medium.com also: cs229.stanford.edu
UPDATE: the original version works only with BTC. Here's a general version with rescaling.