Regression Channel [DW] Tradingview

Currency Pairs: Any

Timeframes:  Any

Minimum Deposit: Any

Recommended Account Type: ECN or Raw Spread

Leverage: From 1:30 to 1:1000

Recommend broker: Roboforex
Recommend Vps: GoVPSFX
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Regression Channel [DW] Tradingview (Pine Script v4) is an experimental tool that calculates a linear regression channel over a specified period or interval using customizable moving average types. It leverages the least squares method to model price relationships, offering a versatile analysis tool for traders.

Key Features:

• Regression Models: Supports Arnaud Legoux (ALMA), Exponential (EMA), Simple (SMA), Rolling (RMA), Linear Weighted (LWMA), and Volume Weighted (VWMA) averages, with VWMA adapting to tick volume when no volume data is available.

• Window Types: Offers continuous (fixed bar count) or interval-based (cumulative bars per interval) calculation modes.

• Channel Construction: Generates channels using standard deviation multiplied by a width coefficient, divided into quartiles, with optional future line extension.

• Customization: Allows toggling and styling (width, style, color) of regression and channel lines via RGB color selection (216 options).

• Visual Aids: Includes a Least Squares Moving Average (LSMA) tracer and dynamic bar coloring based on price proximity to the regression line.

• Performance: Supports up to 5000 bars back for extensive historical analysis.