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Overview
The Daily Bias with Linear Regression is a trend-following tool designed to help traders identify the prevailing market direction by aligning the momentum of two critical timeframes: the Daily (D1) and the 4-Hour (H4). By using Linear Regression slopes, this indicator filters out market noise and provides a clear "Bullish," "Bearish," or "Neutral" signal.
How It Works
The indicator calculates the slope of price action using Linear Regression over two specific periods:
The Daily Bias is determined as follows:
Key Features
How to Use
The Daily Bias with Linear Regression is a trend-following tool designed to help traders identify the prevailing market direction by aligning the momentum of two critical timeframes: the Daily (D1) and the 4-Hour (H4). By using Linear Regression slopes, this indicator filters out market noise and provides a clear "Bullish," "Bearish," or "Neutral" signal.
How It Works
The indicator calculates the slope of price action using Linear Regression over two specific periods:
- Daily (D1): 20-period lookback.
- 4-Hour (H4): 18-period lookback.
The Daily Bias is determined as follows:
- 🟢 BULLISH: When both the D1 and H4 slopes are positive.
- 🔴 BEARISH: When both the D1 and H4 slopes are negative.
- ⚪ NEUTRAL: When the slopes are conflicting (e.g., D1 is up, but H4 is down).
Key Features
- Multi-Timeframe Analysis: Automatically fetches data from higher timeframes (D1 and H4) to provide a macro perspective even if you are on a lower timeframe.
- Anti-Repaint Logic: The script is coded to fetch the slope of the *previous* closed bar, ensuring that the signals remain stable and do not repaint.
- Real-time Dashboard: A clean table in the top-right corner displays the current ticker and the live bias status.
- Visual Labels: Direct "Bullish" or "Bearish" labels are plotted on the chart for immediate visual confirmation.
- Timeframe Guard: Includes a built-in warning if the chart timeframe is set below 1-Hour (H1), as the indicator is optimized for higher timeframe confluence.
How to Use
- Trend Confirmation: Use the "BULLISH" or "BEARISH" status to align your trades with the higher timeframe momentum.
- Filter: Avoid taking long positions when the bias is "BEARISH" or short positions when it is "BULLISH."
- Wait for Alignment: A "NEUTRAL" bias suggests a ranging market or a potential trend change; waiting for both timeframes to align can increase trade probability.
Disclaimer:
Trading involves significant risk. This indicator is for educational and informational purposes only and does not constitute financial advice.
Nota Keluaran
Update- Added selectable source input (`open`, `close`, `hl2`, `hlc3`, `ohlc4`, etc.)
- Added configurable D1 and H4 lengths
- Added optional D1/H4 upper and lower regression channels
- Added horizontal line extension options (`None`, `Right`, `Left`, `Both`)
- Improved line/label handling for cleaner realtime updates
- Expanded table info while keeping D1 + H4 slope-based bias logic intact
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.