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OPEN-SOURCE SCRIPT

[NM]Improved Linear Regression Bull and Bear Power v02

Hi guys, I'm back with a little improvement on the Bull and Bear Signal I published just last week thanks to some feedback I received from a couple of users, which is of course highly appreciated.

Here are the changes that have been implemented compared to v01 :
(version 1 is the top indicator, version 2 is the bottom one) in the chart above

  • Formula adapted to calculate the signal if no data is available for either bull or bear
  • Added the possibility to smoothen the signal using Arnaud Legroux Moving Average (the benefit of this is that it does not add any lag to the signal)
  • Zero line was added


If you have any further ideas on how to improve the indicator or if you are happy with it and want to share your settings or rules of engagement, please feel free to share them below.

Oh, and don't forget to click that like button ! :)
Nico.Muselle
Check out my FREE indicator scripts:
► tradingview.com/u/Nico.Muselle/

Twitter: twitter.com/NicoMuselle
Also on:
Linear Regression

Open-source script

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

Twitter: twitter.com/NicoMuselle
Also on:

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