OPEN-SOURCE SCRIPT
LinReg Scale-In Strategy
This strategy is based on an basic LinReg concept. Instead of using traditional price levels or moving averages, it uses the Linear Regression Correlation Coefficient (Pearson's r) to measure the actual strength of a trend and dynamically build up a position.
How it works:
The indicator calculates how closely the price follows a linear trend, returning a value between -1 and +1.
Scale-In (Entries): The strategy enters a Long position step-by-step as the uptrend gains momentum. It adds to the position when the coefficient crosses above the 0.25, 0.50, and 0.75 thresholds (pyramiding up to 3 times).
Scale-Out (Exit): Following the "let profits run but cut losses quick" mentality, the strategy closes the entire position as soon as the trend starts dying out and the coefficient crosses back down below 0.25.
Setup Tip: It is recommended using this approach on commodities using the Daily timeframe. The strategy is set to fixed contracts by default to allow smooth backtesting on futures like NQ or ES without running into margin limits.
Disclaimer:
This script is published for educational and testing purposes only. It does not constitute financial advice. Trading futures and other financial instruments involves significant risk of loss. Past performance is not indicative of future results. Always do your own research and backtesting before risking real capital.
How it works:
The indicator calculates how closely the price follows a linear trend, returning a value between -1 and +1.
Scale-In (Entries): The strategy enters a Long position step-by-step as the uptrend gains momentum. It adds to the position when the coefficient crosses above the 0.25, 0.50, and 0.75 thresholds (pyramiding up to 3 times).
Scale-Out (Exit): Following the "let profits run but cut losses quick" mentality, the strategy closes the entire position as soon as the trend starts dying out and the coefficient crosses back down below 0.25.
Setup Tip: It is recommended using this approach on commodities using the Daily timeframe. The strategy is set to fixed contracts by default to allow smooth backtesting on futures like NQ or ES without running into margin limits.
Disclaimer:
This script is published for educational and testing purposes only. It does not constitute financial advice. Trading futures and other financial instruments involves significant risk of loss. Past performance is not indicative of future results. Always do your own research and backtesting before risking real capital.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.