PROTECTED SOURCE SCRIPT
MTF LineReg PRO (Pivot, Fibo, Heatmap)
MTF LineReg PRO (Pivot, Fibo, Heatmap)
1. Pine Script v6 – Fully utilizes version 6 with clear modular structure and well-commented code.
2. Inputs Grouped – Inputs for Linear Regression, Pivot/Fibo levels, colors, UI, and signal size are cleanly grouped.
3. Non-Repainting MTF – Multi-timeframe Linear Regression signals use [1] shift and lookahead_on to avoid repainting and ensure robust backtesting.
4. Trend Detection – Bullish/Bearish trend logic based on fast vs. slow Linear Regression with cross detection.
5. Pivot & Fibo Calculation – Dynamically calculates pivot highs/lows and Fibonacci levels (38.2, 50, 61.8).
6. Signal Conditions – Buy/sell signals consider trend, pivot, Fibonacci 50%, candle direction, and valid data.
7. Animated Heatmap – Pivot and Fibonacci levels’ colors pulsate based on price proximity for instant visual feedback.
8. Flexible Signal Plotting – Multiple sizes for signals (Tiny → Huge), fully customizable with color inputs.
9. Dynamic Status Table – Table displays trend, pivot, Fibonacci levels, and signal status with color-coded cells for clarity.
10. Robust & Readable – Clean structure, reliable MTF logic, visually intuitive, ready for institutional-style usage with minor optimizations possible.
1. Pine Script v6 – Fully utilizes version 6 with clear modular structure and well-commented code.
2. Inputs Grouped – Inputs for Linear Regression, Pivot/Fibo levels, colors, UI, and signal size are cleanly grouped.
3. Non-Repainting MTF – Multi-timeframe Linear Regression signals use [1] shift and lookahead_on to avoid repainting and ensure robust backtesting.
4. Trend Detection – Bullish/Bearish trend logic based on fast vs. slow Linear Regression with cross detection.
5. Pivot & Fibo Calculation – Dynamically calculates pivot highs/lows and Fibonacci levels (38.2, 50, 61.8).
6. Signal Conditions – Buy/sell signals consider trend, pivot, Fibonacci 50%, candle direction, and valid data.
7. Animated Heatmap – Pivot and Fibonacci levels’ colors pulsate based on price proximity for instant visual feedback.
8. Flexible Signal Plotting – Multiple sizes for signals (Tiny → Huge), fully customizable with color inputs.
9. Dynamic Status Table – Table displays trend, pivot, Fibonacci levels, and signal status with color-coded cells for clarity.
10. Robust & Readable – Clean structure, reliable MTF logic, visually intuitive, ready for institutional-style usage with minor optimizations possible.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.