RicardoSantos

Function - Linear Regression

Description:
A Function that returns a linear regression channel using (X,Y) vector points.

Inputs:
_X: Array containing x data points.¹
_Y: Array containing y data points.¹

Note:
¹: _X and _Y size must match.

Outputs:
_predictions: Array with adjusted _Y values at _X.
_max_dev: Max deviation from the mean.
_min_dev: Min deviation from the mean.
_stdev/_sizeX: Average deviation from the mean.

Resources:
https://www.statisticshowto.com/probabil...
https://en.wikipedia.org/wiki/Linear_reg...
Release Notes: added color, and extend options, removed some test inputs, optimized array creation process slightly.
Release Notes: corrected a issue reported by: @marketrading001
Skript med en öppen källkod

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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