by 
This strategy divides a fixed price range between an upper and a lower limit into equally spaced grid levels and plots them on the price chart. It marks a buy when price crosses down through a grid and a sell when price crosses up through a grid, using either
Strategy · Pine Script v6 · On the chart
Chained Linear Regression Reversal Strategy
A strategy that fits a linear regression channel over a user-chosen start and end time and draws it on the price chart.
Archived by its author
GitHub stars1on the repository
Pine versionv6current
Lines of code1,009
Settings22inputs
LicenceNone stated
Last update5 months ago31 May 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
A static channel is kept alongside a live one that starts after price closes outside the channel and locks when its correlation falls below a threshold. When enabled, trades use a fixed stop loss and take profit measured in points with one contract per trade. Deviation width, breakout bars and regression mode are adjustable.
- Time-range linear regression channel
- Static and live regression modes
- Correlation-based channel lock
- Fixed point stop loss and take profit
Details
Published by
shubhamtaywade82 on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Mean reversion, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Start Time | time | timestamp("2024-01-01 00:00") | startTime |
| End Time | time | timestamp("2024-12-31 23:59") | endTime |
| Ignore Wicks | bool | false | ignoreWicks |
| Price Source | source | close | priceSource |
| Regression Mode | string | Both | regressionMode |
| Upper Deviation | bool | true | showUpperChannel |
| upperDeviation | float | 3.0 | upperDeviation |
| Lower Deviation | bool | true | showLowerChannel |
| lowerDeviation | float | 3.0 | lowerDeviation |
| Breakout Confirmation Bars | int | 1 | breakoutConfirmation |
| Lock R Threshold | float | 0.85 | lockRThreshold |
| Min Bars Before Lock | int | 5 | minBarsBeforeLock |
Show all 22 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Max Bars Timeout | int | 50 | maxBarsTimeout |
| Enable Strategy | bool | true | enableStrategy |
| Stop Loss (Points) | float | 10.0 | stopLossPoints |
| Take Profit (Points) | float | 20.0 | takeProfitPoints |
| Uptrend Color | color | #26a69a | uptrendColor |
| Downtrend Color | color | #ef5350 | downtrendColor |
| Fill Transparency | int | 93 | fillTransparency |
| Line Width | int | 2 | lineWidth |
| Show Statistics Table | bool | false | showStatsTable |
| Table Position | string | Top Right | tablePosition |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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