TreL - Linear Regression Trend - Indicators

This indicator based on linear regression trend.
Blue line is a positive trend or buy/bullish trend. Red line trend is a negative trend or sell/bearish trend.

Upper and lower channel lines (in grey color) can be used as trailing stop or possible rebound of the price (revert to the mean).

Very simple and effective way to use linear regression in a different approach.

Converted from pinescript version as requested in this topic: https://www.prorealcode.com/topic/conversion-of-a-linear-regression-trend-indicator/

(all credits go to original author).

//PRC_TreL | indicator
//18.04.2021
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge
//converted from pinescript

// --- settings
len = 100
off= 0
dev= 2 //Deviation (minval=0.01)
// --- end of settings

once length=100
if barindex>len then
 c = close
 cp = c
 lreg = linearregression[len](close)[off]
 lregx = linearregression[len](close)[off+1]
 b = barindex
 s = lreg - lregx
 intr = lreg - b*s
 dS = 0.0
 for i=0 to len-1 do
  dS= dS + square(cp[i]-(s*(b-i)+intr))
  de = sqrt(dS/(len))
  up = (-de*dev) + c
  dn= (de*dev) + c
 next

 c5=(high+low)/2
 //

 factor = 0.001

 hb = 0.00
 hb = (hb[1])
 hl = 0.000
 hl = (hl[1])

 lb = 0.00
 lb = (lb[1])
 l1 = 0.000
 l1 = (l1[1])

 c2 = 0
 c2 = (c2[1]) + 1

 trend = 0
 trend = (trend[1])
 n = dn
 x = up

 if barindex=0 then
  c2 = 0
  lb = n
  hb = x
  l1 = c5
  hl = c5
  //hl
  if c2 = 1 then
   if x >= hb[1] then
    hb = x
    hl = c5
    trend = 1
    //trend
    else
     lb = n
     l1 = c5
     trend = -1
     //trend
    endif
   endif
  endif

 if c > 1 then

  if trend[1] > 0 then
   hl = max(hl[1], c5)
   if x >= hb[1] then
    hb = x
    //hb
   else
    if n < hb[1] - hb[1] * factor then
     lb = n
     l1 = c5

     trend = -1
     //trend
    endif
   endif
  else
   l1 = min(l1[1], c5 )

   if n <= lb[1] then
    lb = n
    //lb
   else
    if x > lb[1] + lb[1] * factor then
     hb = x
     hl = c5

     trend = 1
     //trend
    endif
   endif
  endif
 endif

 if trend = 1 then
  v = hb
  r=0
  g=100
  b=255
 else
  v = lb
  r=255
  g=0
  b=0
 endif

 band = average[length](AverageTrueRange[1](close))*2
endif

return v coloured(r,g,b) style(line,2), v+band coloured(168,168,168), v-band coloured(168,168,168)

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//PRC_TreL | indicator

//18.04.2021

//Nicolas @ www.prorealcode.com

//Sharing ProRealTime knowledge

//converted from pinescript

// --- settings

len = 100

off= 0

dev= 2 //Deviation (minval=0.01)

// --- end of settings

once length=100

if barindex>len then

c = close

cp = c

lreg = linearregression[len](close)[off]

lregx = linearregression[len](close)[off+1]

b = barindex

s = lreg - lregx

intr = lreg - b*s

dS = 0.0

for i=0 to len-1 do

dS= dS + square(cp[i]-(s*(b-i)+intr))

de = sqrt(dS/(len))

up = (-de*dev) + c

dn= (de*dev) + c

c5=(high+low)/2

factor = 0.001

hb = 0.00

hb = (hb[1])

hl = 0.000

hl = (hl[1])

lb = 0.00

lb = (lb[1])

l1 = 0.000

l1 = (l1[1])

c2 = 0

c2 = (c2[1]) + 1

trend = 0

trend = (trend[1])

n = dn

x = up

if barindex=0 then

c2 = 0

lb = n

hb = x

l1 = c5

hl = c5

//hl

if c2 = 1 then

if x >= hb[1] then

hb = x

hl = c5

trend = 1

//trend

else

lb = n

l1 = c5

trend = -1

//trend

endif

if c > 1 then

if trend[1] > 0 then

hl = max(hl[1], c5)

if x >= hb[1] then

hb = x

//hb

else

if n < hb[1] - hb[1] * factor then

lb = n

l1 = c5

trend = -1

//trend

endif

else

l1 = min(l1[1], c5 )

if n <= lb[1] then

lb = n

//lb

else

if x > lb[1] + lb[1] * factor then

hb = x

hl = c5

trend = 1

//trend

endif

if trend = 1 then

v = hb

r=0

g=100

b=255

else

v = lb

r=255

g=0

b=0

endif

band = average[length](AverageTrueRange[1](close))*2

endif

return v coloured(r,g,b) style(line,2), v+band coloured(168,168,168), v-band coloured(168,168,168)

linear regression trend trend following

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments :

Filename : download the ITF files

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Paolo.B • 04/18/2021 #
Hi Nicolas thanks … I’m new to programming I would like to use it with blue +1 and red -1 graph to try to code it for a strategy.
Thank you
I deleted this part.
band = average [length] (AverageTrueRange [1] (close)) * 2
endif
Unfortunately I am unable to attach an image
- Nicolas • 04/18/2021 #
  change the last line with: return v coloured(r,g,b) style(line,2), v+band coloured(168,168,168), v-band coloured(168,168,168), r
  and test if “r” is superior to 0, if it is the case, then the line is red and therefore the trend bearish.

Paolo.B • 04/18/2021 #
Thanks … works as i wanted.

Kanamax • 04/18/2021 #
Bonjour Nicolas, comme Paolo.B je souhaiterais utiliser cette indicateur au sein d’un code. Après avoir copier/coller le code ci dessus j’ai rajouté ceci:

// Conditions pour ouvrir une position acheteuse
if not onmarket and b=255 then
BUY 1 CONTRACTS AT MARKET
endif

// Conditions pour fermer une position acheteuse
if longonmarket and b=0 then
SELL AT MARKET
ENDIF

Malheureusement les positions acheteuses sont beaucoup peu nombreuses et ne suivent pas du tout le fait d’acheter à chaque fois que la courbe est bleue.

Un conseil pour finir le code correctement?
Merci d’avance.

Hi Paolo.B, I have some difficulties to do as you. It seems that works for you, could you share your code to compare coding?

Thank you in advance.

WarningTrading Comment peut on la comparer ? comme ceci ? cela ne me donne plus le message d'erreur manque...

sally31120 Bonjour, je n'arrive pas à créer ce screener close > supertrend extended2[1] la réponse...

Nicolas voir ce sujet pour un screener basé sur Supertrend Extended: https://www.prorealcode.com/top...

Leo Hi all, I posted a new version of this indicator ( I just add arrows to spot the local maxi...

Trading_En_El_Ibex35 Muchas Gracias por compartir este interesante indicador. Un saludo

xavieralava hola gracias leo

Nicolas https://www.prorealcode.com/topic/ayuda-screener-indicador-perfect-trend-line/#post-51291

Manu L. Bonjour Nicolas, suite a une de mes precedentes demande dans le forum indicateur, j'ai touv...

AntoGH C'est selon moi le meilleur indicateur, que j'ai vu, si vous trouvez mieux dîtes moi car dif...

bolsatrilera Hi Nicolas, I have this version of the True Balance Power ,created by eykpunter on Tradingvi...

bolsatrilera and the code : REM TRUE BALANCE OF POWER // código original de eykpunter para la plataform...

rafadonl2 is not taken into account in the procedure. It considers only if it is a doji or when candle...

Guibourse Okay thanks, just a question : how do you plot your two lines in the same window as price ? ...

rafadonl2 sorry, I don't understand your question. Indicator draws Heikin Ashi candle, not price cand...

Steven Bahia Hi Nicolas - great indicator - is there a way to place a alert when the Oscillator crosses ...

Nicolas Alerts can't be programmed, you have to set them yourself with the Alert tool of the platfor...

Steven Bahia just to add to this would there be a way to establish a entry price from the Oscillator

Nicolas Your PRT version is inferior to 10.3? So the code in its default state is not compatible. A ...

Mbulelo Hi Nicolas Hope all is well your side, do you have a specific strategy for the MFT Swing ...

Nicolas No I don't, try to make it on your own, or ask in forums (follow the posting rules please).

juanj And the point of violation is the close of the candle that violates the line by generating a...

juanj For the latest version of the strategy or to follow updates and developments see the thread ...

phanz i backtested it with 10K units of EURUSD 1 hour i get an equity curve that is going one way ...

Wing Not yet but I plan to.

Leo Have a look in this Forum, I got something interesting for you... https://www.prorealcode.co...

Dávid Gyalus Dear Wing, As I am a daytrader, and one of my best friend is a programmer we think your a...

JR1976 Dear Mike , your screener seem interest and simple... Do you try to envelope an automat...

Player Hi Mike, What is the name of the indicator just under the MMA ? Thanks Regards Marc

Igor Hi Mike, What is the name of the indicator just under the MMA ? Thanks Regards

EchnatonX Hallo Im Demomodus bei IG habe ich das Problem, dass oft keine Orders ausgeführt werden kön...

Jan EchnatonX, nice late answer of me: Make the stop loss a percentage of the close, like 100/...

guleny Hello I made some optimization to make it better. But there are 5 transacttion which incr...

Bougnat bonjour, ton screener semble intéressant .... merci pour le partage

guytrc Hi Nicolas - many thanks for your screener. One question if I may - how does condition 5 wor...

Nicolas In the last 20 periods, the SMA 10 periods was above the SMA 20 periods.

stratobast Good afternoon everyone. Thanks Doctrading for your work. I have an issue while using this ...

stratobast My bad guys. I understood what was the problem. The indicator uses highs and lows for the Re...

samwarduk Has anyone tried this on Bitcoin GBP1? The results look amazing but every time mine trie...

Doctrading AH ok, I think the ca3 is the same : ca3 = pB[1] < 0.2 and pB < 0.2 Best regards,

chromosome21 Hello everybody, First, thank you so much for all your advices, I'm a begginer in trading a...

bertrandpinoy bonjour j ai un probleme avec ce code modifié, apparement PRT ne veut pas...avez vous une so...

TreL – Linear Regression Trend

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