This is a simple indicator, similar to a MACD, which makes the difference between a slow and a faster period of 2 linear regression curves.
- buy when the oscillator cross under the zeroline and sell and it crosses over the zeroline
// pista ciclica
// buy crossunder zeroline and sell crossover zeroline
// by carlini mauro
lenta = linearregression(close)
veloce = linearregression(close)
pista = lenta-veloce
if pista < 0 then
if pista > 0 then
RETURN pista COLOURED by color STYLE (line)as "velovola" , 0 as "zeroline"
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