OPEN-SOURCE SCRIPT
Local Linear Slope Network [forexobroker]
Local Linear Slope Network runs four `ta.linreg` regressions at windows 10/20/40/80, computes each line's slope sign per bar, and only fires signals when at least N slopes agree AND the previous bar did NOT yet have agreement. A clean fractal trend-confirmation entry — most trend indicators use one length; this one votes across four.
🔶 ALGORITHM
For each window n in {10, 20, 40, 80}:
1. linreg_n = ta.linreg(close, n, 0)
2. slope_n = linreg_n − linreg_n[1]
3. slope-sign vote: count how many slopes are > 0 (upCount) and how many are < 0 (dnCount)
4. Agreement edge: at least N slopes agree AND previous bar agreement was below the same threshold
The "agreement edge" requirement gates the signal to a single bar at the regime change, not a stream of confirmations.
🔶 SIGNAL LOGIC
- Buy: upCount ≥ N AND previous bar upCount < N AND cooldown AND barstate.isconfirmed
- Sell: dnCount ≥ N AND previous bar dnCount < N AND cooldown AND barstate.isconfirmed
🔶 INPUTS
- Window 1/2/3/4 (defaults 10/20/40/80 — dyadic spacing)
- Min Slopes Agreeing (default 3 of 4)
- Signal Cooldown (default 8)
- Visual toggles for slowest line, dashboard, glow, colors
🔶 ALERTS
LLN Buy / Sell, Any Signal, Full Bull (4/4), Full Bear (4/4), Fast Pair Up/Dn, Webhook JSON.
🔶 LIMITATIONS
- ta.linreg internally is OLS regression — robust but assumes linear local trend. Works well on liquid trending instruments.
- Slope is computed as endpoint difference (linreg − linreg[1]) — sensitive to outlier bars.
- Slowest window (80 default) sets warmup.
- The dyadic spacing (10/20/40/80) is opinionated; tighter/wider spacings change signal frequency drastically.
🔶 ALGORITHM
For each window n in {10, 20, 40, 80}:
1. linreg_n = ta.linreg(close, n, 0)
2. slope_n = linreg_n − linreg_n[1]
3. slope-sign vote: count how many slopes are > 0 (upCount) and how many are < 0 (dnCount)
4. Agreement edge: at least N slopes agree AND previous bar agreement was below the same threshold
The "agreement edge" requirement gates the signal to a single bar at the regime change, not a stream of confirmations.
🔶 SIGNAL LOGIC
- Buy: upCount ≥ N AND previous bar upCount < N AND cooldown AND barstate.isconfirmed
- Sell: dnCount ≥ N AND previous bar dnCount < N AND cooldown AND barstate.isconfirmed
🔶 INPUTS
- Window 1/2/3/4 (defaults 10/20/40/80 — dyadic spacing)
- Min Slopes Agreeing (default 3 of 4)
- Signal Cooldown (default 8)
- Visual toggles for slowest line, dashboard, glow, colors
🔶 ALERTS
LLN Buy / Sell, Any Signal, Full Bull (4/4), Full Bear (4/4), Fast Pair Up/Dn, Webhook JSON.
🔶 LIMITATIONS
- ta.linreg internally is OLS regression — robust but assumes linear local trend. Works well on liquid trending instruments.
- Slope is computed as endpoint difference (linreg − linreg[1]) — sensitive to outlier bars.
- Slowest window (80 default) sets warmup.
- The dyadic spacing (10/20/40/80) is opinionated; tighter/wider spacings change signal frequency drastically.
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.
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🔵Join our free telegram for updates : t.me/algotradingedge
All scripts & content provided by Forexobroker are for informational & educational purposes only.
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.
🔵Gain access to our powerful tools : kestutisbalciunas.com/tradingview/
🔵Join our free telegram for updates : t.me/algotradingedge
All scripts & content provided by Forexobroker are for informational & educational purposes only.
🔵Join our free telegram for updates : t.me/algotradingedge
All scripts & content provided by Forexobroker are for informational & educational purposes only.
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.