Regression trends are typically used to determine when a price is unusually far from its baseline. The script calculates the linear regression of volume and price to determine the trend direction and strength. This can be used to determine the volume support for upward/downward trends.
As a special feature, this indicator allows you to choose from three (as of 07/20/2021) templates with special presets.
In the selection for templates, the option "DISABLED" can also be selected. Then the user-defined settings selectable under it take effect. There are the following setting options.
"Length": Adjustable period
"Smoothing Factor: Type": Type of moving average
"Smoothing Factor: Length": Adjustable period
Other setting options are:
Color codes: The color codes are explained in the settings
Correction to my introductory description:
The script calculates the linear regression of volume and price to determine the trend direction and strength.
vipul8
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What about alert
jeanpierre67
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Smoothing factor doesn't work sir . Changes nothing .
YogeshWalzade
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manually add? ma
KINSKI
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@YogeshWalzade, I am not sure what you are asking. In the settings you can select smoothing variants.