OPEN-SOURCE SCRIPT
Orion Regression Field [JOAT]
Orion Regression Field [JOAT]
Introduction
Orion Regression Field builds a weighted regression valuation field with standard error bands, curvature options, compression detection, and reprice signals.
This open-source indicator is designed as a context tool, not a standalone trading system. It focuses on explaining the current market state with restrained visuals and confirmed-bar logic where signals are used.
Core Concepts
1. Weighted Regression
Recent bars can receive more influence while still preserving a full model window.
2. Standard Error Bands
Inner and outer bands show statistical distance from the modeled path.
3. Curvature and Confidence
Optional curvature and R2-style confidence control when the field is considered reliable.
4. Pinch and Reprice
Compression and outer-band reactions create filtered reprice events.
Pine Script®
Features
Input Parameters
How to Use This Script
Use the field as statistical fair-value context. Outer band interaction means stretch, not automatic reversal.
Limitations
Originality Statement
Orion is original in combining weighted regression, curvature, standard error fields, compression context, and filtered reprice logic.
Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice, investment advice, or a recommendation to buy or sell any financial instrument. All calculations are derived from historical market data and may produce inaccurate readings in some market conditions. No indicator can predict future market behavior. Use proper risk management and independent judgment.
-Made with passion by jackofalltrades
Introduction
Orion Regression Field builds a weighted regression valuation field with standard error bands, curvature options, compression detection, and reprice signals.
This open-source indicator is designed as a context tool, not a standalone trading system. It focuses on explaining the current market state with restrained visuals and confirmed-bar logic where signals are used.
Core Concepts
1. Weighted Regression
Recent bars can receive more influence while still preserving a full model window.
2. Standard Error Bands
Inner and outer bands show statistical distance from the modeled path.
3. Curvature and Confidence
Optional curvature and R2-style confidence control when the field is considered reliable.
4. Pinch and Reprice
Compression and outer-band reactions create filtered reprice events.
Features
- Weighted regression midline
- Inner and outer SEE bands
- Optional curvature
- Pinch shading and projection field
- Filtered reprice labels
Input Parameters
- Regression window and projection bars
- Curvature toggle and weight floor
- Minimum R2 confidence
- Inner and outer band multipliers
- Pinch ratio and cooldown
How to Use This Script
Use the field as statistical fair-value context. Outer band interaction means stretch, not automatic reversal.
Limitations
- The script uses historical OHLCV data and cannot know future prices.
- Signals and states can be late during fast reversals because confirmed-bar logic is used to reduce repainting.
- Model outputs should be interpreted with market context, risk controls, and independent analysis.
- No visual state should be treated as a certain trade outcome.
Originality Statement
Orion is original in combining weighted regression, curvature, standard error fields, compression context, and filtered reprice logic.
Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice, investment advice, or a recommendation to buy or sell any financial instrument. All calculations are derived from historical market data and may produce inaccurate readings in some market conditions. No indicator can predict future market behavior. Use proper risk management and independent judgment.
-Made with passion by jackofalltrades
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
The Institutional Grade Trading Ecosystem, Built to win trades 📈
Get Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Get Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
The Institutional Grade Trading Ecosystem, Built to win trades 📈
Get Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Get Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.