OPEN-SOURCE SCRIPT
24HLR
This indicator is 24 hours Linear regression line . with upper SD and lower SD (can be manipulated )
The idea is that the coin will bounce up or down around the LR line (red) when you go lower frame of 4h up to1 hour charts then you can see more easy the direction of the coin , its potential low or potential high , where the LR lead the way .
In this example we look on btc at 4hours chart and see that its in a cross road either to hell or to escape (if break the line going down upward)
and here in 1D graph
The idea is that the coin will bounce up or down around the LR line (red) when you go lower frame of 4h up to1 hour charts then you can see more easy the direction of the coin , its potential low or potential high , where the LR lead the way .
In this example we look on btc at 4hours chart and see that its in a cross road either to hell or to escape (if break the line going down upward)
and here in 1D graph
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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