Automatic Linear Trend Channel sandy

Automatic Linear Trend Channel with Signals

This indicator combines linear regression trends with dynamic standard deviation channels to identify market trends and potential trading opportunities.

Key Features:
- Automatically detects trend changes using 100-period moving average
- Creates dynamic channels based on linear regression and standard deviation
- Shows both standard and real-time channel options
- Generates buy/sell signals based on channel breakouts and trend changes
- Customizable standard deviation factor for channel width
- Color-coded channels (green for uptrend, red for downtrend)

Trading Signals:
Buy Signals (Green Triangles):
- Trend changes to bullish
- Price breaks above upper band in downtrend
- Price bounces off lower band in uptrend

Sell Signals (Red Triangles):
- Trend changes to bearish
- Price breaks below lower band in uptrend
- Price bounces off upper band in downtrend

Settings:
- Standard Deviation Factor: Adjusts channel width
- Offset: Fine-tunes signal generation
- Channel Display: Choose between standard, real-time, or both channels
- Show Trade Signals: Toggle signal display

Perfect for swing trading and trend following strategies across any timeframe.