OPEN-SOURCE SCRIPT
Regression Channel (Interactive)
Weighted Interactive Regression Channel (WIRC)
Overview
The Weighted Interactive Regression Channel improves on traditional regression channels by emphasizing key price points through intelligent weighting. Instead of treating all candles equally, WIRC adapts to market dynamics for better trend detection and channel accuracy.
Key Differences from Standard Channels
Weighted vs. Equal: Prioritizes significant events over uniform weighting
Dynamic vs. Static: Adapts in real time to market changes
Accurate vs. Basic: Reduces noise, enhances signal clarity
Customizable vs. Fixed: Full control over weights and visuals
Weighting Methods
Direction Change – Highlights reversal points via local peaks/troughs
Volume-Based – Emphasizes high-volume candles, ideal for breakouts
Price Range – Weights wide-range candles to capture volatility
Time Decay – Prioritizes recent data for current market relevance
Interactive Features
Data Range: Set channel start/end over 1–500 bars
Visuals: Line styles, color coding, fill options, reference lines
Stats: Slope, R², standard deviation, point count, weight method
Technical Implementation
Weighted Regression Formula: Uses weights for slope, intercept, and deviation
Channel Lines: Center = weighted regression; bounds = ± deviation × multiplier
Usage Scenarios
Trend Analysis: Use Direction Change + longer range
Breakouts: Use Volume weighting + fill + boundary watching
Volatility: Apply Price Range weighting + monitor standard deviation
Current Market: Use Time Decay + shorter ranges + stat display
Parameter Tips
Channel Width:
Narrow (1.0–1.5): Responsive
Standard (1.5–2.0): Balanced
Wide (2.0–3.0+): Conservative
Weighting Intensity:
Conservative (1.5–2.0)
Moderate (2.0–3.0)
Aggressive (3.0+)
Advanced Use
Multi-Timeframe: Use different weightings per timeframe
Market Structure: Detect swings, institutional zones
Risk Management: Dynamic S/R levels, volatility-driven sizing
Best Practices
Start with Direction Change
Test different ranges
Monitor stats
Combine with other indicators
Adjust to market context
Recalibrate regularly
Conclusion
WIRC delivers a smarter, more adaptive view of price action than standard regression tools. With real-time customization and multiple weighting options, it’s ideal for traders seeking precision across strategies—trend tracking, breakout confirmation, or volatility insight.
Overview
The Weighted Interactive Regression Channel improves on traditional regression channels by emphasizing key price points through intelligent weighting. Instead of treating all candles equally, WIRC adapts to market dynamics for better trend detection and channel accuracy.
Key Differences from Standard Channels
Weighted vs. Equal: Prioritizes significant events over uniform weighting
Dynamic vs. Static: Adapts in real time to market changes
Accurate vs. Basic: Reduces noise, enhances signal clarity
Customizable vs. Fixed: Full control over weights and visuals
Weighting Methods
Direction Change – Highlights reversal points via local peaks/troughs
Volume-Based – Emphasizes high-volume candles, ideal for breakouts
Price Range – Weights wide-range candles to capture volatility
Time Decay – Prioritizes recent data for current market relevance
Interactive Features
Data Range: Set channel start/end over 1–500 bars
Visuals: Line styles, color coding, fill options, reference lines
Stats: Slope, R², standard deviation, point count, weight method
Technical Implementation
Weighted Regression Formula: Uses weights for slope, intercept, and deviation
Channel Lines: Center = weighted regression; bounds = ± deviation × multiplier
Usage Scenarios
Trend Analysis: Use Direction Change + longer range
Breakouts: Use Volume weighting + fill + boundary watching
Volatility: Apply Price Range weighting + monitor standard deviation
Current Market: Use Time Decay + shorter ranges + stat display
Parameter Tips
Channel Width:
Narrow (1.0–1.5): Responsive
Standard (1.5–2.0): Balanced
Wide (2.0–3.0+): Conservative
Weighting Intensity:
Conservative (1.5–2.0)
Moderate (2.0–3.0)
Aggressive (3.0+)
Advanced Use
Multi-Timeframe: Use different weightings per timeframe
Market Structure: Detect swings, institutional zones
Risk Management: Dynamic S/R levels, volatility-driven sizing
Best Practices
Start with Direction Change
Test different ranges
Monitor stats
Combine with other indicators
Adjust to market context
Recalibrate regularly
Conclusion
WIRC delivers a smarter, more adaptive view of price action than standard regression tools. With real-time customization and multiple weighting options, it’s ideal for traders seeking precision across strategies—trend tracking, breakout confirmation, or volatility insight.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.