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Trend Analysis Linear Regression Moving Averages Least Squares Moving Average (LSMA) renko auto-filter filter smoothing filtering
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trendanalysis linearregression movingaverage lsma renko auto-filter filter smoothing filtering
A least squares filter using the Auto line as source, practical for noise removal without higher phase shift.

Its possible to create another parameter for the auto-line length, just add a parameter Period or whatever you want.

r = round(close/round)*round
dev = stdev(close,Period)

Hope you enjoy :)
Release Notes:
  • No longer need to round
  • Color change
  • Color change based on indicator direction discontinued
Check out the indicators we are making at luxalgo: www.tradingview.com/u/LuxAlgo/
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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