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Predict Future Price

According to RSI

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future7gg
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24 views2 pages

Predict Future Price

According to RSI

Uploaded by

future7gg
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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//@version=5

indicator("Price Prediction with Linear Regression and Additional Indicators",


overlay=true)

// Input Parameters
lookback = input.int(20, minval=5, title="Linear Regression Lookback Period")
forecast_bars = input.int(5, minval=1, maxval=20, title="Number of Bars to Forecast
(1-20)")
vertical_offset = input.float(0.0, title="Vertical Offset for Forecasted Line",
step=0.1)

// EMA Parameters
ema_length = input.int(14, minval=1, title="EMA Length")

// MACD Parameters
fast_length = input.int(12, minval=1, title="MACD Fast Length")
slow_length = input.int(26, minval=1, title="MACD Slow Length")
signal_length = input.int(9, minval=1, title="MACD Signal Length")

// Calculate EMA
ema_value = ta.ema(close, ema_length)
plot(ema_value, color=color.green, title="EMA")

// Calculate MACD
[macd_line, signal_line, hist_line] = ta.macd(close, fast_length, slow_length,
signal_length)
plot(macd_line, color=color.blue, title="MACD Line")
plot(signal_line, color=color.orange, title="Signal Line")
plot(hist_line, color=color.gray, style=plot.style_histogram, title="MACD
Histogram")

// Calculate Linear Regression


linreg = ta.linreg(close, lookback, 0)

// Calculate the Slope


slope = ta.linreg(close, lookback, 1) - linreg

// Adjust the Slope Based on EMA and MACD


momentum_factor = 1.0
if (ema_value > linreg) and (macd_line > signal_line)
momentum_factor := 1.05 // Upward adjustment
else if (ema_value < linreg) and (macd_line < signal_line)
momentum_factor := 0.95 // Downward adjustment

adjusted_slope = slope * momentum_factor

// Plot the Historical Linear Regression Line


plot(linreg, color=color.orange, title="Linear Regression")

// Declare the Line Variable


var line forecast_line = na

// Delete Previous Line if It Exists


if not na(forecast_line)
line.delete(forecast_line)

// Draw a New Line Representing the Forecast


forecast_line := line.new(x1=bar_index,y1=linreg + vertical_offset, x2=bar_index +
forecast_bars,y2=(linreg + adjusted_slope * forecast_bars) + vertical_offset,
xloc=xloc.bar_index, extend=extend.none, color=color.blue, style=line.style_dotted,
width=2)

// Prepare Forecasted Values for Plotting


var float[] forecast_values = array.new_float(forecast_bars)

// Calculate Forecasted Values Once per Bar


if barstate.islast
for i = 0 to forecast_bars - 1
future_value = linreg + adjusted_slope * (i + 1) + vertical_offset
array.set(forecast_values, i, future_value)

// Plot Forecasted Values


for i = 0 to forecast_bars - 1
plot_value = array.get(forecast_values, i)
offset_index = i + 1
label.new(x=bar_index + offset_index, y=plot_value,text="",
style=label.style_none, color=color.new(color.red, 50))

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