This indicator is inspired by traditional statistical histograms. It will return the number of occurrences of price falling within each interval (bins) of the linear regression channel. This can be useful to highlight zones of interest within a trend.
Settings
Length: Number of recent closing prices used for the computation of the linear regression.
Bins Number: Number of intervals constructed from the linear regression channel.
Mult: Multiplicative factor for the RMSE. Controls the width of the linear regression channel.
Src: Input source of the indicator.
Usage
The indicator is constructed by dividing the linear regression channel range into a series of intervals (bins) of equal width. We then count the number of price values falling within each interval.
If a significant number of price values fall within a specific interval then that interval can highlight a potential zone of interest within a trend.
can you explain this which trend we can predict next from this pic uptrend or downtrend. which time frame is best for this linear expression
worldwideTRD
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Thanks
FloatingApeX
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U are part of the wizard ring.. thanks for share the code Mr"
ACryptoMore
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Thank you very much for this indicator, it's great! Is there any way to set alarms? I would like to know when the price is in the first two lines above or in the first two lines below.
Is it possible to set alarms through code for these lines? how could i do it? please help