What it does
Redraws the chart's candles using linear-regression values of the open, high, low and close over a short lookback, based on the community 'Humble LinReg Candles' concept, usually with an optional signal moving average line. Each plotted candle is the regression-fitted value of its inputs, which smooths out one-bar noise while preserving candle anatomy, making trends appear as clean runs of same-colored candles. It is a readability tool for trend traders who find raw candles too noisy.
How to add it
Click Indicators (ƒx) in the header.
Search “Dext Humble LinReg Candles” and click the result.
Hover its legend row and click the gear to open settings.
How traders use it
- A color flip of the LinReg candles after a sustained run is the basic trend-change alert.
- Use the candle color together with the signal line: long bias when smoothed candles close above the signal line, short bias below.
- Extended single-color runs identify trend phases where pullback entries in that direction are favored.
- Confirm entries on the real price chart; use the smoothed candles for regime identification, not execution prices.
Inputs
| Input | Type | Default | Range / Options |
|---|---|---|---|
| Signal Length | number | 11 | 1–500 |
| LinReg Length | number | 11 | 1–500 |
| Use SMA Signal | boolean | On | — |
| Use LinReg | boolean | On | — |
Plots & styling
| Plot | Style | Default color |
|---|---|---|
| Signal | line | #FF6D00 |
Every plot's color, line width and visibility can be changed on the Style tab. Precision, price-scale labels and status-line values are configurable at the bottom of the Style tab.
Tips
- Right-click the indicator's line for quick actions — settings, visibility and removal without hunting through menus.
- Use Add to favorites in the legend menu; starred studies surface at the top of the picker.
- The legend eye toggles it off without losing your settings — handy for before/after comparisons.
Watch out for
- The plotted candles are synthetic — their opens, highs and lows are regression outputs, not tradeable prices, so never place orders off their levels.
- Smoothing delays color flips, and in whippy markets the candles alternate color rapidly, negating their clarity advantage.