[RS][NM]Improved Linear Regression Bull and Bear Power v01

The base code for this indicator was created by RicardoSantos
What I added is a signal line that indicates when to buy and when to sell.

Advised use :
Combine with a zero-lag indicator like ZeroLagEMA_LB by LazyBear (suggested period = 34)
Then use the following Rules of engagement :
Current price > ZLEMA & Signal line of BBP_NM is green : BUY
Current price < ZLEMA & Signal line of BBP_NM is red : SELL Please click the like button if you dig this indicator !

Note

I have found a little calculation error in this script where if there is no data for either bull or bear volume, the indicator will not plot. This has been corrected in version 2

[NM]Improved Linear Regression Bull and Bear Power v02

Nico.Muselle

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► tradingview.com/u/Nico.Muselle/

Twitter: twitter.com/NicoMuselle

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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Nico.Muselle

Check out my FREE indicator scripts:
► tradingview.com/u/Nico.Muselle/

Twitter: twitter.com/NicoMuselle

Also on:

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