OPEN-SOURCE SCRIPT

system y

Using The donchiam fib system and modification of linear regresion bands in which i put the central fib band insted of close
to create it.
we can detect sweet entry and exit points as marked by the arrow (blue =entry) red(exit(
if the cabdles above the bands it very bullish
bellow the bands -very bearish
Trend Analysis

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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