This indicator implements a K-means clustering algorithm in Pine Script to partition two-dimensional data points into user-defined clusters. It features an internal pseudo-random number generator for centroid initialization and computes Euclidean distances acr
Indicator · Pine Script v6 · On the chart
Nasdaq Macro Lead - Fair Value
Fits a rolling regression of the chart's close several bars ahead on z-scored macro inputs, then plots the fitted value shifted forward so the line leads price on the chart.
GitHub stars1on the repository
Pine versionv6current
Lines of code229
Settings8inputs
LicenceNone stated
Last updateyesterday28 Oct 2026
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 indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
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
One feature set uses rates and cross-asset series such as US yields, the dollar index and gold; the other uses a risk appetite composite of ratio pairs. Settings include horizon, training window, refit interval, z-score window and ridge strength, plus an overlay comparing past predictions with realised price. Statistical model only, not a trading system.
- Walk-forward ridge regression
- Macro rates and risk appetite feature sets
- Forward-shifted fair value line
- Backtest overlay of past predictions
- Rolling correlation window
Details
Published by
rellis3 on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Feature set | string | Macro rates | modeInput |
| Horizon (bars ahead) | int | 8 | horizonBars |
| Training window (bars) | int | 300 | trainBars |
| Refit every N bars | int | 20 | refitEvery |
| Z-score window (bars) | int | 250 | zWindow |
| Rolling correlation window (bars) | int | 120 | corrWindow |
| Ridge regularization (x trainBars) | float | 0.02 | ridgeFrac |
| Show backtest overlay (past predictions vs realized price) | bool | true | showBacktest |
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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