This indicator plots Donchian Channel boundary lines along with dynamic fan projections directly on the price chart. It calculates the highest high, lowest low, and median price over a customizable lookback period. Whenever price establishes a new channel high
Indicator · Pine Script v6 · On the chart
Dynamic Linear Regression
Dynamic Linear Regression calculates and plots linear regression trendlines and standard deviation channels directly on the price chart over a user-selected time period.
GitHub stars218on the repository
Pine versionv6current
Lines of code729
Settings19inputs
LicenceNone stated
Last update3 months ago23 Jul 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
Traders can configure static channels locked at the end time, dynamic channels that continue updating with incoming price action, or display both simultaneously. Settings allow selecting custom price sources or using candle body midpoints to filter wick noise, adjusting upper and lower deviation multipliers, and displaying Pearson correlation coefficient labels or statistical tables. The indicator does not generate automated trading signals or order execution rules.
- User-defined date range regression calculation
- Static and dynamic live channel projection modes
- Adjustable standard deviation channel bands
- Body midpoint calculation option to ignore wicks
- Pearson R correlation coefficient label and stats table
Details
Published by
TradersPost on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Trend, Support & resistance, Volatility & bands
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 | 2.0 | upperDeviation |
| Lower Deviation | bool | true | showLowerChannel |
| lowerDeviation | float | 2.0 | lowerDeviation |
| Regression Line Color | color | #2962FF | regressionColor |
| Regression Background Color | color | color.new(#2962FF, 90) | regressionFillColor |
| Upper Channel Color | color | color.new(#26a69a, 50) | upperChannelColor |
Show all 19 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Lower Channel Color | color | color.new(#ef5350, 50) | lowerChannelColor |
| Line Width | int | 2 | lineWidth |
| Show Pearson R Label | bool | true | showLabel |
| Label Style | string | Minimal | labelStyle |
| Label Position | string | Right | labelPosition |
| 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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