OPEN-SOURCE SCRIPT

Logarithmic Regression Channel-Trend [BigBeluga]

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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]
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  • Regression-Based Channel: Plots a log regression channel around the price to highlight overbought and oversold conditions.
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  • Adaptive Trend Colors: The color of the regression trend adjusts dynamically based on price movement.
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  • Trend Shift Signals: Marks trend reversals when the log regression line cross the log regression line 3 bars back.
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  • 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.
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🔵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.

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