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Plotting Linear Regression Trendline
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Plotting Linear Regression Trendline
Hello, I am seeking some way to do a simple linear regression across X number of bars. I do not want a moving linear regression as is the case with the Lin Reg indicator. I want to be able to specify a timeframe and have NT draw a linear regression for that period and extend it forward on the chart. Is this capability possible? It is easy enough to do on a spreadsheet like Excel or Google Sheets, so my guess is someone has already developed it and I am just missing it. The image below is a linear regression off of price over 60 bars and is an example of what I'm looking for. Thanks for any help you can provide.
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Hello Avs29,
Thank you for your post.
It's possible that an indicator similar to what you are looking for is publicly available on our NinjaTrader Ecosystem website. For example, there is a slope indicator that lets you enable/disable detrending using linear regression:You may also use the search bar to look for other indicators that might achieve what you are looking for. The User App Share is the portion of the NinjaTrader Ecosystem that contains free scripts shared by the community: https://ninjatraderecosystem.com/user-app-share/
Please let me know if I can be of further assistance.
The NinjaTrader Ecosystem website is for educational and informational purposes only and should not be considered a solicitation to buy or sell a futures contract or make any other type of investment decision. The add-ons listed on this website are not to be considered a recommendation and it is the reader's responsibility to evaluate any product, service, or company. NinjaTrader Ecosystem LLC is not responsible for the accuracy or content of any product, service or company linked to on this website.
Emily C.NinjaTrader Customer Service
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