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Log Regression Oscillator Channel [BigBeluga]

30 915

This unique overlay tool blends logarithmic trend analysis with dynamic oscillator behavior. It projects RSI, MFI, or Stochastic lines directly into a log regression channel on the price chart — offering an intuitive way to detect overbought/oversold momentum within the broader price structure.

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🔵Key Features:
  • Logarithmic Regression Channel:
    ➣ Draws a trend-based channel using logarithmic regression, adapting to price growth curvature over time.
    ➣ Features upper, lower, and optional midline boundaries to visualize trend flow and range extremes.
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  • Oscillator Overlay (RSI / MFI / Stochastic):
    ➣ Projects your chosen oscillator inside the channel using dynamic polylines.
    ➣ Allows switching between RSI, Money Flow Index, or Stochastic for versatile momentum insight.
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  • Threshold-Based Scaling:
    ➣ The top and bottom of the channel represent traditional oscillator thresholds (e.g., RSI 70/30).
    ➣ Users can modify the scale in settings to customize what "overbought" or "oversold" means visually.
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  • Signal Line Integration:
    ➣ Adds a yellow moving average (signal line) for smoother confirmation of oscillator turns.
    ➣ Helps identify divergence, momentum shifts, and fakeouts with better clarity.
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  • Live Oscillator Readout:
    ➣ Displays the real-time oscillator value at the right edge of the chart.
    ➣ Ensures traders stay aware of current momentum levels without switching panels.
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🔵Usage:
  • Momentum Context:
    ➣ When the oscillator touches the upper regression band, it may signal local overbought pressure.
    ➣ Touching the lower band may indicate oversold conditions within the current log trend.

  • Divergence Detection:
    ➣ Use the oscillator’s behavior relative to the channel slope to spot divergence from price.
    ➣ For example, RSI rising inside a falling channel can flag early trend shifts.

  • Trend-Sensitive Entries:
    ➣ Combine oscillator signals with log channel direction to filter trades in trend alignment.
    ➣ Signal line crossovers inside the channel act as early warning for momentum turns.



The Log Regression Oscillator Channel [BigBeluga] transforms how traders view classic momentum tools. By embedding oscillators into a logarithmic trend structure, it offers unmatched clarity on momentum positioning relative to price expansion. Ideal for swing traders, mean-reverters, or trend followers looking to sharpen entries and exits with style.
版本注释
- hlc3 source of MFI
- Added Stochastic RSI
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