This indicator plots a custom Anchored Volume-Weighted Average Price (VWAP) directly on the price chart along with optional standard deviation bands. Users can anchor the VWAP to standard time periods like sessions, weeks, or months, or to corporate events suc
Indicator · Pine Script v6 · On the chart
Dual Log Regression Channels [BigBeluga]
The indicator plots two log regression channels on the price chart: a long-term macro channel with lookback of 300 bars and a short-term channel with lookback of 50 bars.
GitHub stars1on the repository
Pine versionv6current
Lines of code300
Settings36inputs
LicenceNone stated
Last update4 months ago27 Jun 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 indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
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
Each channel draws upper and lower bands using standard deviation width, a middle line, background fill, and optional volume statistics. The macro channel additionally shows a volume profile with adjustable bins and maximum width, plus a POC line in red and future extension up to 50 bars. The short-term channel offers similar customization but with tighter lookback and width. All elements are drawn directly on the price chart.
- Macro Long Term Channel
- Short Term Channel
- Volume Profile with POC
- Channel Extension
- Dual Log Regression Bands
Details
Published by
rod773 on GitHub
Code credit
BigBeluga, as written in the script's header
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Volatility & bands, Support & resistance, Volume
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 |
|---|---|---|---|
| Show Macro Channel | bool | true | macro_show_channel |
| Macro Lookback Period | int | 300 | macro_length |
| Macro Channel Width (StDev) | float | 2.0 | macro_width |
| Macro Outer Lines Width | int | 2 | macro_line_w |
| Show Macro Mid Line | bool | true | macro_mid_disp |
| Macro Upper Line | color | #311b92 | macro_col_up |
| Macro Mid Line | color | color.blue | macro_col_mid |
| Macro Lower Line | color | #311b92 | macro_col_low |
| Macro Background Fill | color | color.new(color.blue, 95) | macro_col_fill |
| Show Macro Volume Stats | bool | true | macro_show_stats |
| Extend Macro Channel | bool | true | macro_extend |
| Macro Extension Bars | int | 50 | macro_ext_bars |
Show all 36 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show Macro Volume Profile | bool | true | macro_show_vp |
| Macro Profile Bins (Rows) | int | 50 | macro_bins |
| Macro Max Profile Width (Bars) | int | 25 | macro_max_w |
| Macro Profile Color | color | color.new(color.blue, 50) | macro_vp_color |
| Show Macro POC Line | bool | true | macro_show_poc |
| Macro POC Color | color | color.red | macro_poc_color |
| Show Short Channel | bool | true | short_show_channel |
| Short Term Lookback Period | int | 50 | short_length |
| Short Term Channel Width (StDev) | float | 1.5 | short_width |
| Short Term Outer Lines Width | int | 1 | short_line_w |
| Show Short Term Mid Line | bool | true | short_mid_disp |
| Short Term Upper Line | color | #e65100 | short_col_up |
| Short Term Mid Line | color | color.orange | short_col_mid |
| Short Term Lower Line | color | #e65100 | short_col_low |
| Short Term Background Fill | color | color.new(color.orange, 95) | short_col_fill |
| Show Short Term Volume Stats | bool | true | short_show_stats |
| Extend Short Term Channel | bool | true | short_extend |
| Short Term Extension Bars | int | 20 | short_ext_bars |
| Show Short Volume Profile | bool | true | short_show_vp |
| Short Profile Bins (Rows) | int | 50 | short_bins |
| Short Max Profile Width (Bars) | int | 15 | short_max_w |
| Short Profile Color | color | color.new(color.orange, 50) | short_vp_color |
| Show Short POC Line | bool | true | short_show_poc |
| Short POC Color | color | color.red | short_poc_color |
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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