Indicator · Pine Script v6 · On the chart

Statistical Regression Channel [Vantrade]

by vantradelabs

This indicator fits a straight least-squares regression over a user-set lookback and wraps it in inner and outer channels built from residual standard deviation rather than raw price deviation.

View on GitHub

Repaints

GitHub stars2on the repository
Pine versionv6current
Lines of code108
Settings6inputs
LicenceCustom licence
Last update2 months ago20 Aug 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 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

Statistical Regression Channel [Vantrade] reports the live z-score of price versus the fitted fair value and the regression R-squared. Mean-reversion long and short alerts fire only when the normalized slope stays below a flatness threshold. The channel, slope-colored midline, and z-score readout draw on the price chart. The channel is redrawn on the last bar and signals follow the live z-score.

Details

Published by

vantradelabs on GitHub

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

  • Signals can change on the live bar or after it closes (repainting)

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Lookbackint100len
Sourcesourceclosesrc
σ Innerfloat1.0m1
σ Outerfloat2.0m2
Z-Score Entryfloat2.0zEntry
Max |Slope-σ| for Reversionfloat0.6flatMax
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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