Hey traders, this is a linear regression moving average trend indicator that is designed to filter out noise and give you a better insight of the current trend in the market. The design is a linear regression cloud that covers above the price or below the price and it changes colour based on the current dominant line through the crossover and crossunder feature. This indicator should be used as a confluence and not as a "trade the crossover indicator" and it is recommended that you combine this with analysis such as support and resistance to see how the market is doing. This indicator works best with Heikin Ashi candlesticks and it supports all chart types too.
Features: 3 Length Modes that are changeable via input on the settings. Custom Bar Colour Crossover Markups Re-Entry Markups
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Added Alerts
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Added AlertCondition() alerts so you can customise the message.
@fannytradz, thank you for the comment and your welcome :)
SerenityTrader
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What makes this linear regression so incredible is the brilliant way it displays the channel as moving average. Helped me make $35,000 yesterday pre and at market open in futures currencies and equities. Check out NQ on Friday 2/2/24 and you'll see one of the killer entries it gave.