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Linear Regression Cloud

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Bands and Channels Linear Regression
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bandsandchannels linearregression
Clouds based on Linear Regression Band.

A cloud forms if the linear regression channel is fully on one side of the channel on higher time frames.
The cloud represents the gap between the upper/lower channel and the baseline on the higher time frame.

The higher time frames have 2x, 4x and 8x the length.
Release Notes:
update chart
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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