Linear Regression — Trend Analysis — TradingView (2024)

EXY is at a critical turning point.

EXY

, 1D

UnknownUnicorn214400

EXY is at a critical turning point which will judge its course in the future. Looking at the data in the charts, it is obvious that the sellers are trying to lead the index to lower price levels.Starting from the analysis of the trend and its momentum, in the price chart on the left, there is a downtrend lately which has led to the break of the lower limits of...

19

2

Linear Regression

A linear regression channel consists of a median line with 2 parallel lines, above and below it, at the same distance. Those lines can be seen as support and resistance. The median line is calculated based on linear regression of the closing prices but the source can also be set to open, high or low. The height of the channel is based on the deviation of price to the median line. Extrapolating the channel forward can help to provide a bias and to find trading opportunities.

Read more about Linear Regression Channels.

SHORT Trade Based On Price Action

NZDUSD

, 1DShort

NextForexTrade

This is a trade setup based on timeframe agreement and price action.Looking at the relationship across the timeframes, these are some of the things to take notice of:====DAILY CHART====The daily chart shows good evidence of bearishness: there are lower lows and lower high; and the price is overbought, interacting with the upper linear regression...

14

SHORT Trade Based On Price Action

NZDUSD

, 1DShort

04:12

NextForexTrade

This is a trade setup based on timeframe agreement and price action.Looking at the relationship across the timeframes, these are some of the things to take notice of:====DAILY CHART====The daily chart shows good evidence of bearishness: there are lower lows and lower high; and the price is overbought, interacting with the upper linear regression...

14

SHORT Trade Based On Price Action

CHFJPY

, 1DShort

NextForexTrade

This is a trade setup based on timeframe agreement and price action.Looking at the relationship across the timeframes, these are some of the things to take notice of:====DAILY CHART====The daily chart shows good evidence of bearishness: there are lower lows and lower high; and the price was recently overbought, interacting with the upper linear regression...

8

SHORT Trade Based On Price Action

GBPUSD

, 1DShort

NextForexTradeUpdated

This is a trade setup based on timeframe agreement and price action. Looking at the relationship across the timeframes, these are some of the things to take notice of: ====DAILY CHART==== The daily chart shows good evidence of bearishness: there are lower lows and lower high; and the price is overbought, interacting with the upper linear regression channel....

4

2

EURUSD

, 1DShort

07:39

NextForexTradeUpdated

Trade setup to short based solely on timeframe agreement and price action.DAILYgood signs of bearishness and signs that price could be oversold (based on linear regression channel)H4broken support which was holding up the priceHOURLYStarted to show lower lows and lower highs. Entry based on seeing reversals off of either the upper linear regression...

8

USDTRY: Daily swing trade opportunity

USDTRY

, 1DLong

IvanLabrieUpdated

We have a nice swing trade op in this pair, go long at market, stop loss should be placed below the recent low.I think the pair has room to rally back to resistance (see red line on chart). Linear regression and speed lines help us, along with oscillators and bar by bar analysis, as well as the use of RgMov, to determine the trend and where trend following or...

19

8

ETHUSD Ichimoku+LinReg Bear Signals

ETHUSD

, 240Short

UnknownUnicorn1038536Updated

So after a couple of days instead of there being a second reversal, I agree on the proposal that the price will go to number sub-200. My main argument comes from the linear regression pattern, but other users have come to the same conclusion with other methods.

25

28

ETHUSD Ichimoku+RSI Neutral-Bull Foreshadowing

UnknownUnicorn1038536Updated

Trade with care! This is still a bear market, but just as corrections can go down, they can go up. Right now it looks like the market will correct upward, and 330 USD looks like an optimistic target. This still needs to be analyzed over the next few days, but I wouldn't be surprised if a huge rally came up. Sell volume is going down for both ETH and BTC and long...

13

11

Tesla's 1:6 trade opportunity

TSLA

, 240Long

adelriosantiago

This morning Tesla's r(0.988) linear regression just touched a new low at 260.1, there are two possible scenarios: Red arrow: Tesla's uptrend is over and investors should probably SHORT targeting 248.00. Green arrow: Tesla is currently undervalued and may bounce back to the near resistance level at 286.88 continuing the r(0.988) linear regression. My...

7

USOIL: Daily view, linear regression and range movement analysis

USOIL

, DLong

IvanLabrieUpdated

In this chart I graph the linear regression channels that correspond to each leg in this trend. The trend is mostly up, and it's likely that we're seeing the start of the next major uptrend leg here, since we have found huge buying when retesting the bottom of the long term linear regression channel. Technicals are bullish, without even factoring the...

27

9

TIF

, D

adelriosantiago

Tiffany & Company is an American luxury jewelry based on NY. I'm closely watching this chart, a linear regression r(0.944) shows a nice, systematic uptrend that started a few months ago. Be careful trading this asset since an increased security near the Trump's Tower initially led investors to consider the possibility of a sharp decrease in sales .--- "The...

5

Linear regression suggest an uptrend in RUSSELL 1000

VONE

, WLong

adelriosantiago

A r(0.942) linear regression on Russell 1000 index suggests an uptrend in the coming months. There are two possible scenarios: (1) the trend continues to travel along the linear regression channel eventually reaching the ~120 level. (2) in a less likely pattern, the price breaks the 5 regression channel, and then bounces back in the strong support level at...

4

AUDUSD: Key Hidden Levels and Linear regression analysis

AUDUSD

, DLong

IvanLabrieUpdated

AUDUSD found support at the upper deviation of the recent downtrend's linear regression channel today. This level coincides with the mid point of the recent VIX 75% retracement, or 'smart money buying spree' key level, which happens after VIX spikes by 5 points or more, and the smart money 'buys the dip' in risk assets, making VIX retrace 75% of its recent climb,...

24

1

SPX: Watching it closely with no position

SPX

, 2D

IvanLabrie

I'm holding a few trades (refer to my recent posts) but not in any SPX position.I think we can have a great buy signal soon, so I'm following VIX and the 'Time at mode', linear regression channels and speed lines signals in SPX.This is a 2-day chart, the timeframe in control of the current downtrend.The time and price target suggests price can drop to 2095.3...

11

Trading with the Trend, $NYX

NYX

, DShort

juniortrader

Nyx Gaming Group has just had a 46% price increase in the past two weeks up until its peak. Price is now very overbought and as stated on the chart there are several bearish indications of why this is a good short sale. Also as you can see on the chart, price recently bouced back from the top lin reg line as it did a couple months ago. Price target is middle lin reg line.

6

Trading with the Trend, $EDR

EDR

, DLong

juniortrader

As you can see by looking at this chart, price action has been following the upwards linear regression channel. It has just bounced from trading at the bottom lin reg line and is showing several bullish indications as stated on the chart. My price target is around the upper lin reg line (green rectangle). Trade valid until price closes below bottom lin reg line.

2

Trading with the Trend, $SVM

SVM

, DLong

juniortrader

Silvercorp Metals Inc. is looking like it is ready to continue following its upwards trend. As stated on the chart, there are several bullish indications that support why I believe this will continue to climb. If price breaks above the mid reg line, I am watching for a price target close to the upper lin reg line around $4.65 - $5.00Trade valid until price...

1

Linear Regression — Trend Analysis — TradingView (2024)

FAQs

Linear Regression — Trend Analysis — TradingView? ›

A linear regression channel consists of a median line with 2 parallel lines, above and below it, at the same distance. Those lines can be seen as support and resistance. The median line is calculated based on linear regression of the closing prices but the source can also be set to open, high or low.

How do you use regression trend in Tradingview? ›

This indicator performs a linear regression on the lows, highs, and moving average, and plots them all in the form of a candlestick. If the close is below the prediction, the candlestick is red, if the close is above the regression, the candlestick is green. Effective and aesthetic way to analyze trends.

What is the linear regression function in Tradingview? ›

The Linear Regression indicator visualizes the general price trend of a specific part of the chart based on the Linear Regression calculation. The central line of the indicator is the linear regression calculation itself, and the lines above or below it are X number of standard deviations removed from the main one.

What is the linear regression method for trend analysis? ›

Trend (Linear) Regression analysis uses an equation to analyze the relationship between two or more quantitative variables in order to predict one from the other(s). Linear Regression measures the relationship between two variables: X and Y. X is the independent variable and Y is the dependent variable.

Does linear regression show trend? ›

Linear regression is a powerful and versatile method for trend analysis, however, it is important to be aware of and check for its limitations and assumptions.

How do you predict stock market using linear regression? ›

How to Predict Stock Prices Using Linear Regression
  1. Step 1: Gather Data. ...
  2. Step 2: Explore and Prepare Data. ...
  3. Step 3: Select Independent Variables. ...
  4. Step 4: Build the Model. ...
  5. Step 5: Evaluate and Fine-Tune. ...
  6. Step 6: Make Predictions. ...
  7. Step 7: Monitor and Adapt.
Sep 27, 2023

Does linear regression work in trading? ›

Using linear regression, a trader can identify key price points—entry price, stop-loss price, and exit prices. A stock's price and time period determine the system parameters for linear regression, making the method universally applicable.

Is linear regression a good indicator? ›

Linear regression is a valuable tool for traders and investors to predict future prices based on historical data. By calculating and interpreting the LRI, users can gain insights into market trends, identify entry and exit points, and integrate the LRI with other technical indicators for a more comprehensive analysis.

How to do linear regression analysis? ›

Linear Regression Analysis consists of more than just fitting a linear line through a cloud of data points. It consists of 3 stages – (1) analyzing the correlation and directionality of the data, (2) estimating the model, i.e., fitting the line, and (3) evaluating the validity and usefulness of the model.

How do you use a linear regression curve in trading? ›

How To Trade Using Linear Regression Curve. A buy signal is generated when the price moves below the linear regression curve times a user defined percent value. Conversely, a sell signal is given when the price moves above the linear regression curve times a user defined percent value.

What is the difference between trend analysis and regression analysis? ›

Trend says whether over time data is in uptrend or down trend. Regression line is a statistics concept where we try to explain the dependent variables based on variation in independent variables for a given set of data points.

Is linear regression the same as trendline? ›

A regression line is a line drawn through the points on a scatter or bubble chart to summarize the relationship between the variables being studied. Also called a trendline, a regression line is a graphical representation of trends in the group, often used for the study of problems of prediction.

What is the formula for regression trend analysis? ›

▶ We commonly express such time series models using the form Yt = µt + Xt, where µt is a trend and Xt is a random process with mean zero for all t. ▶ If Xt is white noise (ρk = 0, i.e., zero autocorrelation), then var( ¯Y) simply equals γ0/n, the familiar “population variance divided by the sample size.”

What is the regression trend in TradingView? ›

Regression Trends can be used in a way similar to parallel channels. The main difference is that there are upper and lower bands which are set a user defined number of standard deviations away from a base line. This is a good tool to use to determine when a price is unusually far away from its baseline.

When should you avoid linear regression? ›

[1] To recapitulate, first, the relationship between x and y should be linear. Second, all the observations in a sample must be independent of each other; thus, this method should not be used if the data include more than one observation on any individual.

Is linear regression good for prediction? ›

You'll find that linear regression is used in everything from biological, behavioral, environmental and social sciences to business. Linear-regression models have become a proven way to scientifically and reliably predict the future.

How to read regression trend? ›

Interpreting Linear Regression Results

The LRI displays the expected price, statistically speaking, at the end of a specified number of bars. A positive slope signifies an upward trend, whereas a negative slope indicates a downward trend. The slope's steepness reveals the strength of the trend.

Is regression analysis the same as trendline? ›

a trendline and a regression can be the same. A regression line is based upon the best fitting curve Y= a + bX Most often it's a least-squares fit (where the squared distances from the points to the line (along the Y axis) is minimized). It can be quadratic or logistic or otherwise, but most often it is linear.

How do you use the regression line to predict? ›

We can use the regression line to predict values of Y given values of X. For any given value of X, we go straight up to the line, and then move horizontally to the left to find the value of Y. The predicted value of Y is called the predicted value of Y, and is denoted Y'.

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