OPEN-SOURCE SCRIPT

Kernel Regression Bands Suite

803
Multi-Kernel Regression Bands

A versatile indicator that applies kernel regression smoothing to price data, then dynamically calculates upper and lower bands using a wide variety of deviation methods. This tool is designed to help traders identify trend direction, volatility, and potential reversal zones with customizable visual styles.

Key Features
  • Multiple Kernel Types: Choose from 17+ kernel regression styles (Gaussian, Laplace, Epanechnikov, etc.) for smoothing.
  • Flexible Band Calculation: Select from 12+ deviation types including Standard Deviation, Mean/Median Absolute Deviation, Exponential, True Range, Hull, Parabolic SAR, Quantile, and more.
  • Adaptive Bands: Bands are calculated around the kernel regression line, with a user-defined multiplier.
  • Signal Logic: Trend state is determined by crossovers/crossunders of price and bands, coloring the regression line and band fills accordingly.
  • Custom Color Modes: Six unique color palettes for visual clarity and personal preference.
  • Highly Customizable Inputs: Adjust kernel type, lookback, deviation method, band source, and more.


How to Use
  • Trend Identification: The regression line changes color based on the detected trend (up/down)
  • Volatility Zones: Bands expand/contract with volatility, helping spot breakouts or mean-reversion opportunities.
  • Visual Styling: Use color modes to match your chart theme or highlight specific market states.


Credits:
Kernel regression logic adapted from:
ChartPrime | Multi-Kernel-Regression-ChartPrime (Link in the script)

Disclaimer
This script is for educational and informational purposes only. Not financial advice. Use at your own risk.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.