Kernel Regression Bands Suite

Multi-Kernel Regression Bands

A versatile indicator that applies kernel regression smoothing to price data, then dynamically calculates upper and lower bands using a wide variety of deviation methods. This tool is designed to help traders identify trend direction, volatility, and potential reversal zones with customizable visual styles.

Key Features

• Multiple Kernel Types: Choose from 17+ kernel regression styles (Gaussian, Laplace, Epanechnikov, etc.) for smoothing.
  
• Flexible Band Calculation: Select from 12+ deviation types including Standard Deviation, Mean/Median Absolute Deviation, Exponential, True Range, Hull, Parabolic SAR, Quantile, and more.
  
• Adaptive Bands: Bands are calculated around the kernel regression line, with a user-defined multiplier.
  
• Signal Logic: Trend state is determined by crossovers/crossunders of price and bands, coloring the regression line and band fills accordingly.
  
• Custom Color Modes: Six unique color palettes for visual clarity and personal preference.
  
• Highly Customizable Inputs: Adjust kernel type, lookback, deviation method, band source, and more.
  

How to Use

• Trend Identification: The regression line changes color based on the detected trend (up/down)
  
• Volatility Zones: Bands expand/contract with volatility, helping spot breakouts or mean-reversion opportunities.
  
• Visual Styling: Use color modes to match your chart theme or highlight specific market states.
  

Credits:
Kernel regression logic adapted from:
ChartPrime | Multi-Kernel-Regression-ChartPrime (Link in the script)

Disclaimer
This script is for educational and informational purposes only. Not financial advice. Use at your own risk.