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.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuyla, bu komut dosyasının mimarı, yatırımcıların işlevselliğini inceleyip doğrulayabilmesi için onu açık kaynaklı hale getirdi. Yazarı tebrik ederiz! Ücretsiz olarak kullanabilseniz de, kodu yeniden yayınlamanın Topluluk Kurallarımıza tabi olduğunu unutmayın.
🔵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.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuyla, bu komut dosyasının mimarı, yatırımcıların işlevselliğini inceleyip doğrulayabilmesi için onu açık kaynaklı hale getirdi. Yazarı tebrik ederiz! Ücretsiz olarak kullanabilseniz de, kodu yeniden yayınlamanın Topluluk Kurallarımıza tabi olduğunu unutmayın.
🔵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.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.