Forecasting: Least Squares Regre…: Free TradingView Strategy (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.

Source Code

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

Forecasting: Least Squares Regression enters long positions when the oscillator turns upward and short positions when it turns downward, exiting via an optional trailing stop. Key settings adjust the higher timeframe, lookback window, repainting toggle, and backtest start date. It plots the oscillator line and colored background signals in a separate pane. By default, it uses higher-timeframe lookahead, causing repainting in historical bars.

Ordinary least squares regression forecasting
Karobein oscillator signal smoothing
Multi-timeframe security data integration
Configurable trailing stop loss management

Details

Published by

capissimo on GitHub

Type

Strategy, Pine Script v4

Draws

Separate pane below the chart

Markets

Forex

Timeframes

M1-M5, M15-H1

Risk Notes

Signals can change on the live bar or after it closes (repainting)
Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time

File

scripts/047-Forecasting-Least-Squares-Regression.pine

Repository

github.com/capissimo/Pinescript-Laboratory. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Price Data	`source`	`close`	`price`
Timeframe	`int`	`2`	`tf`
Lookback window	`int`	`4`	`p`
Repaint?	`bool`	`true`	`repnt`
*Use Strategy Setup?*	`bool`	`true`	`useStrat`
Use Trailing Stop?	`bool`	`true`	`useStop`
Stop Loss Trail Points	`int`	`1`	`slPoints`
Stop Loss Trail Offset	`int`	`1`	`slOffset`
Modify the starting time below if not working...	`bool`	`true`	`dummy`
Starting backtest year	`int`	`2019`	`yr`
Starting backtest month	`int`	`8`	`mn`
Starting backtest day	`int`	`20`	`dy`

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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