Linear Regression Channels

📈 Linear Regression Channels
🌟 Overview
A professional dual linear regression channel indicator designed for comprehensive trend analysis. This powerful tool provides simultaneous short-term and long-term trend perspectives through two independent regression channels with customizable standard deviation bands.
🔧 Core Features
📊 Dual Channel System

Channel 1: 43-period regression analysis for long-term trend identification
Channel 2: 20-period regression analysis for short-term momentum tracking
Independent Configuration: Each channel fully customizable with separate parameters
Real-Time Updates: Dynamic calculations with every new candle

📐 Standard Deviation Bands

Multiple Levels: Configurable deviation bands (1σ, 2σ, 3σ)
Dynamic Support/Resistance: Automatically calculated price levels
Trend Boundaries: Clear visualization of trend strength and direction
Statistical Precision: Mathematically accurate regression calculations

🎨 Customization Options
🎭 Visual Styling

Individual Colors: Separate color schemes for each channel
Line Styles: Choose between Solid, Dashed, or Dotted lines
Line Width: Adjustable thickness (1-5 pixels) for optimal visibility
Extension Options: Project lines into the future for analysis

⚙️ Technical Parameters

Period Length: Fully adjustable lookback periods
Source Selection: Choose from Close, Open, High, Low, or custom sources
Deviation Levels: Customizable standard deviation multipliers
Display Control: Toggle individual channels on/off

📈 Trading Applications
🎯 Trend Analysis

Dual Timeframe Perspective: Simultaneous short and long-term view
Trend Confirmation: When both channels align in direction
Trend Strength: Measured by price position within channels

🔍 Support & Resistance

Dynamic Levels: Standard deviation bands as S/R zones
Channel Boundaries: Natural support and resistance areas
Confluence Trading: Multiple level confirmations

⚡ Entry & Exit Signals

Channel Breakouts: Trend continuation opportunities
Mean Reversion: Trades back to center line
Channel Crossovers: When price moves between timeframes

🚀 Key Benefits
✅ Multi-Timeframe Analysis - Complete market perspective
✅ Mathematical Precision - Least squares regression accuracy
✅ High Customization - Adaptable to any trading style
✅ Clean Interface - Professional chart appearance
✅ Performance Optimized - Smooth real-time operation
✅ Versatile Application - Works on all markets and timeframes
💡 Professional Usage

Combine both channels for confluence signals
Use longer channel for overall trend bias
Trade shorter channel signals within longer trend
Monitor channel width for volatility analysis


Essential tool for traders seeking precise trend analysis and dynamic support/resistance levels.