OPEN-SOURCE SCRIPT
Logarithmic Regression Channel-Trend [BigBeluga]

This indicator utilizes logarithmic regression to track price trends and identify overbought and oversold conditions within a trend. It provides traders with a dynamic channel based on logarithmic regression, offering insights into trend strength and potential reversal zones.
🔵Key Features:
- Logarithmic Regression Trend Tracking: Uses log regression to model price trends and determine trend direction dynamically.
Pine Script® f_log_regression(src, length) => float sumX = 0.0 float sumY = 0.0 float sumXSqr = 0.0 float sumXY = 0.0 for i = 0 to length - 1 val = math.log(src) per = i + 1.0 sumX += per sumY += val sumXSqr += per * per sumXY += val * per slope = (length * sumXY - sumX * sumY) / (length * sumXSqr - sumX * sumX) average = sumY / length intercept = average - slope * sumX / length + slope [slope, intercept] - Regression-Based Channel: Plots a log regression channel around the price to highlight overbought and oversold conditions.
- Adaptive Trend Colors: The color of the regression trend adjusts dynamically based on price movement.
- Trend Shift Signals: Marks trend reversals when the log regression line cross the log regression line 3 bars back.
- Dashboard for Key Insights: Displays:
- The regression slope (multiplied by 100 for better scale).
- The direction of the regression channel.
- The trend status of the logarithmic regression band.
🔵Usage:
- Trend Identification: Observe the regression slope and channel direction to determine bullish or bearish trends.
- Overbought/Oversold Conditions: Use the channel boundaries to spot potential reversal zones when price deviates significantly.
- Breakout & Continuation Signals: Price breaking outside the channel may indicate strong trend continuation or exhaustion.
- Confirmation with Other Indicators: Combine with volume or momentum indicators to strengthen trend confirmation.
- Customizable Display: Users can modify the lookback period, channel width, midline visibility, and color preferences.
Logarithmic Regression Channel-Trend [BigBeluga] is an essential tool for traders who want a dynamic, regression-based approach to market trends while monitoring potential price extremes.
オープンソーススクリプト
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🔵Gain access to our powerful tools : bigbeluga.com
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です!無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
🔵Gain access to our powerful tools : bigbeluga.com
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。