[blackcat] L1 Leavitt Convolution Slope

٤ سبتمبر ٢٠٢٢

Level 1

Background

First of all, I would like to thank ashok1961 for his donation. Second, he made an interesting request: can I write a pine version of LeavittConvSlope.

Function

The indicator uses linear regression of price data to derive slope and acceleration information that helps traders spot trends and turning points. After trying this metric myself, I think it works better with the divergence detector. So I added it. Let me know what you think of this divergence detector.

Remarks

Feedbacks are appreciated.