Trading script at PR+SQ-e: Practical application of polynomial regression
Trading script at PR+SQ-e is designed for quick display of polynomial regression on history and in current time.
The script at PR+SQ-e is placed by dragging with the mouse. The middle line of the linear regression channel can be selected and stretched, compressed or dragged wherever you want.
At the first activation the channel duration will be 50 bars, later on, by changing the duration of the highlighted middle line of the linear regression channel, it can be changed.
In the setting data:
- m is the degree of regression;
- m = 1 is linear;
- m = 2 is parabolic;
- m = 3 is cubic, etc.
- ksq is the channel multiplier of the standard deviation.
How to apply the script at PR+SQ-e in trading
One practical aspect of using the script at PR+SQ-e is as follows:
- on the rise trendIf the end of the parabola is ahead of the linear regression line, it indicates the probability of further growth;
- if the end crossed the linear regression line downwards, it indicates a trend slowdown and possible reversal;
- the same, only in reverse, is true for a downward trend movement.
Application possibilities trading script at PR+SQ-e is much broader, and those who explore it may discover additional interesting aspects.
Download trading script at PR+SQ-e
is not loaded on the chart, is not displayed in the list of indicators.