This Pine Script v5 library provides functions to calculate and plot linear regression channels using sample point arrays. It evaluates paired X and Y arrays to calculate the regression slope, intercept, fitted values, maximum deviation, minimum deviation, and
Library · Pine Script v5 · Library
Standard Lib
Standard Lib is a utility Pine Script library designed to assist developers with chart debugging and dynamic text display.
GitHub stars5on the repository
Pine versionv5runs as is
Lines of code10
Settings0inputs
LicenceNone stated
Last update3 years ago29 Dec 2022
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 library, select all of the template text and paste. Press Save and give it a name.
- 4Publish or import itA library draws nothing. Publish it from the editor, then import its functions in your own scripts.
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
Standard Lib exports a print function that creates and updates a single text label on the price chart. The label automatically positions itself at the current bar index and aligns with the highest price of the preceding ten bars. Because this script serves as a lightweight helper library, it does not plot traditional technical indicators, generate trade signals, or execute strategy entries.
- Dynamic text printing function
- Chart debugging helper for developers
- Automatic label positioning at recent high
Details
Published by
vitahoang on GitHub
Type
Library, Pine Script v5
Draws
Library (no plots)
Markets
Any symbol
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.
File
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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