OPEN-SOURCE SCRIPT

Linear Regression

3 933
This indicator can be used to determine the direction of the current trend.

The indicator plots two different histograms based on the linear regression formula:
- The colored ones represent the direction of the short-term trend
- The gray one represents the direction of the long-term trend

In the settings, you can change the length of the short-term value, which also influences the long-term as a basis that will be multiplied

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