Regression Channels with a Volume Profile and Point of Control
Summary
This TradingView indicator fits a linear or quadratic regression curve over a selected price window, then plots parallel levels around the fitted path. Standard deviation bands provide additional channel references. The curve, band spacing, and profile window are configurable, so the display can be adapted to different instruments or chart settings.
To build its volume profile, the script measures each bar’s price deviation from the regression prediction, assigns the bar’s volume to a deviation bin, and identifies the highest-volume bin as the point of control. It draws profile lines along the regression path, with their lengths scaled to relative bin volume, and displays trend direction and channel values. This is a charting method, not a tested trading strategy: the document provides implementation details but no performance evidence. Its estimates depend on the chosen period, regression mode, bin count, and source price, and the profile is limited to the selected historical window.
Key ideas
- The indicator offers linear and quadratic least-squares fits over a configurable bar window.
- Parallel price levels are spaced using the source series’ standard deviation.
- It groups volume by each bar’s deviation from the fitted regression path and marks the fullest bin as the point of control.
- Profile line lengths reflect relative volume, while standard deviation bands and trend direction add chart context.
- The document reports no backtest or evidence that these plotted levels predict future price behavior.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.