Triple Linear Regression Channel [CongTrader]

🏷️ Triple Linear Regression Channel [CongTrader]
A multi-timeframe linear regression channel tool for traders who seek clarity between short-term volatility and long-term trend direction.
📘 Overview
The Triple Linear Regression Channel [CongTrader] is a professional-grade visualization tool that plots three adaptive linear regression channels directly on your chart:
Two long-term channels — representing the broader market structure and directional bias.
One short-term channel — reflecting short-term momentum, pullbacks, and volatility compression zones.
Each channel dynamically updates with price movement, providing a visual map of trend strength, mean reversion areas, and volatility boundaries.
⚙️ How It Works
Each channel is based on:
A linear regression line calculated from a rolling price window.
Standard deviation bands (configurable via multiplier) to define upper and lower channel limits.
This combination allows traders to clearly see where price deviates significantly from its statistical mean — an essential concept for trend continuation or mean reversion strategies.
📈 How to Use
Identify the Trend:
The long-term channels (default: 100 & 300 bars) indicate the dominant market direction.
When both long channels slope upward → long bias; downward → short bias.
Find Tactical Entries:
Use the short-term channel (default: 25 bars) for entries within the major trend.
A price touch near the lower band in an uptrend or upper band in a downtrend may signal a pullback opportunity.
Volatility Analysis:
The distance between the channel lines reflects market volatility.
Narrowing bands = compression phase → possible breakout ahead.
Customization Tips:
Adjust the Std Dev Multiplier to widen or tighten sensitivity.
Extend future bars (Extend Lines by Bars) to project trend paths visually.
🌟 Key Features
✅ Three independently calculated linear regression channels (short + two long)
✅ Dynamic, real-time updates with customizable parameters
✅ Visual color distinction for quick trend and volatility recognition
✅ Lightweight and efficient (optimized for chart performance)
✅ Suitable for any market or timeframe
🔬 Technical Notes
Built with Pine Script® v5 using custom regression and standard deviation functions.
Channels update on every bar for precision; repaint behavior is limited to natural regression recalculation.
Works seamlessly on all assets: crypto, forex, stocks, indices, and futures.
🙏 Credits & Acknowledgement
Developed with dedication by CongTrader (2025) for the TradingView community.
Inspired by classic regression channel concepts, this version adds a unique multi-layer visualization and smoother plotting logic for modern traders.
Special thanks to the global Pine coders and TradingView community for their continuous inspiration and support.
🏁 Disclaimer
This script is for educational and analytical purposes only and should not be considered financial advice.
Always perform your own analysis before making trading decisions.
#regression #trend #channel #volatility #technicalanalysis #tradingtools