OPEN-SOURCE SCRIPT
OBV-LIN
OBV with linear regression
so we have two type of linear regression channel
1. base on the OBV line (red =bearish,green= bullish trend) (length 50)
2-regular (length 100)
when ever the OBV change direction if it bellow lower part of liner and it bullish so can be buy signal
if opposite can be short signal
not perfect but seems to work ,so it crude work but with some addition maybe in future i make it better
for the signals
on the other hand the combination the two channels seems to predict trend very good
the dashed line is regukar linear channel trend
//
so we have two type of linear regression channel
1. base on the OBV line (red =bearish,green= bullish trend) (length 50)
2-regular (length 100)
when ever the OBV change direction if it bellow lower part of liner and it bullish so can be buy signal
if opposite can be short signal
not perfect but seems to work ,so it crude work but with some addition maybe in future i make it better
for the signals
on the other hand the combination the two channels seems to predict trend very good
the dashed line is regukar linear channel trend
//
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.