Linear Regression Candles strategy

• 05/07/2024 at 12:10 PM #232425
  SnorreDK

  Hi. Its it possible to creta a stradegy from this indicator

  Buy  when candle is green an signal is crossing under close

  sellshort  when candle is  red and signal is crossing over close

  https://www.prorealcode.com/prorealtime-indicators/linear-regression-candles/

  

  SnorreDK

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  05/08/2024 at 10:16 AM #232454
  JS

  Hi,

  What do you mean by “Buy when the candle is green and the signal is crossing the close”…

  The indicator consists of the “LinearRegressionCandles“ (which are red or green) and the “Signal Line“… but there‘s no “Close“ in it…

  Do you mean “Buy when the candle is green and the candle crosses over the signal line“ or “SellShort when the candle is red and the candle crosses under the signal line“…???

  

  JS

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  05/08/2024 at 10:37 AM #232459
  SnorreDK

  Do you mean “Buy when the candle is green and the candle crosses over the signal line“ or “SellShort when the candle is red and the candle crosses under the signal line“…???

  Yes 🙂

  

  SnorreDK

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  05/08/2024 at 10:39 AM #232463
  Iván

  Hi
  Here you have the code

  defparam cumulateorders=false /////////////////////////////////////////////////////// //------------------Inputs------------------------------ signallength = 11 //integer//Signal Smoothing smasignal = 1 //boolean // Simple MA (Signal Line) linreg = 1 //boolean//Linear Regression linreglength = 11//integer//Linear Regression Length //------------------------------------------------------ //-------------Candle definition------------------------ if linreg then bopen = LinearRegression[linreglength](open) bhigh = LinearRegression[linreglength](high) blow = LinearRegression[linreglength](low) bclose = LinearRegression[linreglength](close) else bopen = open bhigh = high blow = low bclose = close endif //-------------------------------------------------------- //--------------Color candles----------------------------- green=bopen < bclose red=bopen>=bclose //--------------------------------------------------------- //---------------Signal definition------------------------- if smasignal then signal = average[signallength](bclose) else signal = average[signallength,1](bclose) endif //--------------------------------------------------------- if green and bclose crosses over signal then buy 1 contract at market endif if red and bclose crosses under signal then sellshort 1 contract at market endif

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  defparam cumulateorders=false /////////////////////////////////////////////////////// //------------------Inputs------------------------------ signallength = 11 //integer//Signal Smoothing smasignal = 1 //boolean // Simple MA (Signal Line) linreg = 1 //boolean//Linear Regression linreglength = 11//integer//Linear Regression Length //------------------------------------------------------ //-------------Candle definition------------------------ if linreg then bopen = LinearRegression[linreglength](open) bhigh = LinearRegression[linreglength](high) blow = LinearRegression[linreglength](low) bclose = LinearRegression[linreglength](close) else bopen = open bhigh = high blow = low bclose = close endif //-------------------------------------------------------- //--------------Color candles----------------------------- green=bopen < bclose red=bopen>=bclose //--------------------------------------------------------- //---------------Signal definition------------------------- if smasignal then signal = average[signallength](bclose) else signal = average[signallength,1](bclose) endif //--------------------------------------------------------- if green and bclose crosses over signal then buy 1 contract at market endif if red and bclose crosses under signal then sellshort 1 contract at market endif

  

  Iván

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  05/08/2024 at 10:50 AM #232464
  JS

  That’s right, that’s the system… 😉

  

  JS

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