OPEN-SOURCE SCRIPT
Updated Linear Tendency Follower
Linear Trend Follower follows 'source' trend using lines within a number of periods ('length') using the last n periods source variation divided by 'length' as line slope. It is delayed by 'length' periods.
Release Notes
Linear Trend Follower follows 'source' trend using lines within a number of period ('length') using the last n periods source variation divided by 'length' as line slope. It is delayed by 'length' periods.
V2.0 - Now it has a fine tuning adjust and plot jumps are fixed.
Release Notes
- Removed not used variable 'intervalMark'.
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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