OPEN-SOURCE SCRIPT
Updated Composite Regression Channel (3-Scale RMS)
A multi-scale composite regression channel that adapts to market structure and highlights statistically extreme price rejections with momentum confirmation.
Release Notes
The script builds a Composite Regression Channel using 3 time horizons (Short, Mid, Long) and combines them with assigned weights to:Visualize trend direction and strength
Detect regime shifts
Provide forecast and buy/sell signals
Display trend consensus clearly
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.
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.
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.