Log Regression Oscillator Channel [BigBeluga]

4. Apr.

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.




🔵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.
  
• 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.
  
• 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.
  
• 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.
  
• 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.
  

🔵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.

10. Apr.

Versionshinweise

- hlc3 source of MFI
- Added Stochastic RSI