The ang_PR (Din)-v1 indicator is a powerful tool that leverages polynomial regression to help traders make informed decisions.
Key Features of ang_PR (Din)-v1
This indicator offers a few external variables that you can customize to suit your trading strategy:
- Hours: This represents the total hours that have elapsed.
- i: This refers to the bar number where the right side of the indicator is anchored.
- m: This is the degree of regression. Depending on its value, the indicator will function differently:
- If m = 1, you’re looking at linear regression.
- If m = 2, it’s a parabolic regression.
- If m = 3, you’re using cubic regression.
Generally, values for m greater than 3 don’t provide additional benefits, so it’s best to stick within this range.
Once you’ve drawn the indicator, you can easily adjust it. Just select the red circle on the left side of the line and drag it to your desired date. The chart will automatically update when new quotes come in, keeping the right end anchored to the value of i.
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