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
Linear Regression Reversal Strategy
Linear Regression Reversal Strategy is a Pine Script chart overlay indicator that plots a linear regression trendline with upper and lower standard deviation channel bounds for a specified date range.
GitHub stars218on the repository
Pine versionv6current
Lines of code328
Settings18inputs
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
Users can select exact start and end timestamps directly on the chart, switch price sources, or ignore wicks to analyze candle body midpoints. It displays Pearson correlation coefficient statistics through customizable labels and an optional statistics table. The indicator renders regression and channel lines on the main price chart for visual structural analysis.
- Linear regression trendline with standard deviation channels
- Interactive chart selection for start and end calculation times
- Option to exclude wicks and calculate using candle body midpoints
- Pearson correlation coefficient display and optional statistics 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 |
| 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 |
| Lower Channel Color | color | color.new(#ef5350, 50) | lowerChannelColor |
Show all 18 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| 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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