UT Bot + LinReg Candles (Dual Sensitivity)

6 Tem

Script Description:
This indicator combines the popular UT Bot Alerts system with Linear Regression Candles (open source) for enhanced trend detection and trading signals in one singel script. The UT Bot features independent, then 2 x ATR sensitivity and periods controls for buy and sell signals, allowing you to fine-tune entries and exits to match your strategy. The script also overlays colored Linear Regression Candles with an optional signal line, helping you visually identify trend strength and direction. All calculations are performed on standard chart prices (no Heikin Ashi). Suitable for all asset classes and timeframes.

Eample setting for usdjpy 5 min chart for repeated buy and sell singnals based on trend:
BUY ATR period 300 multiplier 1
SELL ATR period 1 multiplier 2



Disclaimer:
This script is for informational and educational purposes only. It is not financial advice. Use at your own risk; the author assumes no responsibility for any trading results or losses.

Credits goes to to Ugurvu for linreg candles and quantnomad for UT Bot alerts that make this script possible.

Author: Patrick

7 Tem

Sürüm Notları

Lag fix 07.07-2025: the signal not appear before the bar is fully closed and confirmed

8 Tem

Sürüm Notları

08.07.2025- Adjusted alert timing-bug fix and improvementshttps://www.tradingview.com/x/5fdJgm5I/