OPEN-SOURCE SCRIPT
LRC
LRC (Linear Regression Candle) [SpUn]
Overview
The LRC (Linear Regression Candle) indicator applies linear regression to the open, high, low, and close prices, creating smoothed "candles" that help filter market noise. It provides trend-confirmation signals and highlights potential reversal points based on regression crossovers.
Key Features
Smoothed Candles: Uses linear regression to calculate synthetic OHLC values, reducing noise.
Multi-Timeframe Support: Optional higher timeframe analysis for better trend confirmation.
Visual Signals: Color-coded candles and labels highlight bullish/bearish control zones.
Customizable Settings: Adjustable regression length, colors, and timeframe options.
How to Use
Signals & Interpretation
🟢 Bullish Signal (BUY): When the regression open crosses above the regression close (green candle).
🔴 Bearish Signal (SELL): When the regression open crosses below the regression close (red candle).
Control Zones:
Strong Bullish (Controlbull): Confirmed uptrend (bright green).
Bullish (Bull): Regular uptrend (light green).
Strong Bearish (Controlbear): Confirmed downtrend (dark red).
Bearish (Bear): Regular downtrend (orange).
Neutral (Gray): No clear trend.
Recommended Settings
Linear Regression Length: Default 8 (adjust for sensitivity).
Timeframe: Default current chart, but can switch to higher timeframes (e.g., 1D, 1W).
Bar Colors: Toggle on/off for visual clarity.
Labels: Displays "Control" markers at key reversal points.
Example Use Cases
Trend Confirmation: Use higher timeframe LRC to validate the primary trend.
Reversal Signals: Watch for BUY/SELL crossovers with strong color confirmation.
Noise Reduction: Helps avoid false breakouts in choppy markets.
Overview
The LRC (Linear Regression Candle) indicator applies linear regression to the open, high, low, and close prices, creating smoothed "candles" that help filter market noise. It provides trend-confirmation signals and highlights potential reversal points based on regression crossovers.
Key Features
Smoothed Candles: Uses linear regression to calculate synthetic OHLC values, reducing noise.
Multi-Timeframe Support: Optional higher timeframe analysis for better trend confirmation.
Visual Signals: Color-coded candles and labels highlight bullish/bearish control zones.
Customizable Settings: Adjustable regression length, colors, and timeframe options.
How to Use
Signals & Interpretation
🟢 Bullish Signal (BUY): When the regression open crosses above the regression close (green candle).
🔴 Bearish Signal (SELL): When the regression open crosses below the regression close (red candle).
Control Zones:
Strong Bullish (Controlbull): Confirmed uptrend (bright green).
Bullish (Bull): Regular uptrend (light green).
Strong Bearish (Controlbear): Confirmed downtrend (dark red).
Bearish (Bear): Regular downtrend (orange).
Neutral (Gray): No clear trend.
Recommended Settings
Linear Regression Length: Default 8 (adjust for sensitivity).
Timeframe: Default current chart, but can switch to higher timeframes (e.g., 1D, 1W).
Bar Colors: Toggle on/off for visual clarity.
Labels: Displays "Control" markers at key reversal points.
Example Use Cases
Trend Confirmation: Use higher timeframe LRC to validate the primary trend.
Reversal Signals: Watch for BUY/SELL crossovers with strong color confirmation.
Noise Reduction: Helps avoid false breakouts in choppy markets.
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Trading
免責事項
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オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
Trading
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。