OPEN-SOURCE SCRIPT
Automatic Linear Trend Channel sandy
Automatic Linear Trend Channel with Signals
This indicator combines linear regression trends with dynamic standard deviation channels to identify market trends and potential trading opportunities.
Key Features:
- Automatically detects trend changes using 100-period moving average
- Creates dynamic channels based on linear regression and standard deviation
- Shows both standard and real-time channel options
- Generates buy/sell signals based on channel breakouts and trend changes
- Customizable standard deviation factor for channel width
- Color-coded channels (green for uptrend, red for downtrend)
Trading Signals:
Buy Signals (Green Triangles):
- Trend changes to bullish
- Price breaks above upper band in downtrend
- Price bounces off lower band in uptrend
Sell Signals (Red Triangles):
- Trend changes to bearish
- Price breaks below lower band in uptrend
- Price bounces off upper band in downtrend
Settings:
- Standard Deviation Factor: Adjusts channel width
- Offset: Fine-tunes signal generation
- Channel Display: Choose between standard, real-time, or both channels
- Show Trade Signals: Toggle signal display
Perfect for swing trading and trend following strategies across any timeframe.
This indicator combines linear regression trends with dynamic standard deviation channels to identify market trends and potential trading opportunities.
Key Features:
- Automatically detects trend changes using 100-period moving average
- Creates dynamic channels based on linear regression and standard deviation
- Shows both standard and real-time channel options
- Generates buy/sell signals based on channel breakouts and trend changes
- Customizable standard deviation factor for channel width
- Color-coded channels (green for uptrend, red for downtrend)
Trading Signals:
Buy Signals (Green Triangles):
- Trend changes to bullish
- Price breaks above upper band in downtrend
- Price bounces off lower band in uptrend
Sell Signals (Red Triangles):
- Trend changes to bearish
- Price breaks below lower band in uptrend
- Price bounces off upper band in downtrend
Settings:
- Standard Deviation Factor: Adjusts channel width
- Offset: Fine-tunes signal generation
- Channel Display: Choose between standard, real-time, or both channels
- Show Trade Signals: Toggle signal display
Perfect for swing trading and trend following strategies across any timeframe.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.