OPEN-SOURCE SCRIPT
Standard Deviation Channel Updated
This is a updated script . The code was open source - courtesy leojez
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**Title:** Standard Deviation Channel (with "Freeze" Toggle)
**Description:**
Linear Regression and Standard Deviation Channels are fantastic for identifying trends and mean-reversion levels, but they have one major flaw for day traders: **they constantly shift and repaint with every new price tick.**
This script solves that problem by introducing a custom **"Freeze Channel"** toggle.
Instead of chasing a moving target, you can now lock your channel in place and project static, reliable levels forward to trade against.
**Key Features:**
* **Freeze Toggle:** Stop the channel from shifting. You can choose to lock it to the last closed bar (ignoring live tick volatility) or lock it at a specific historical time (like the morning open) to establish fixed levels for the rest of the day.
* **Dual Deviations:** Independently toggle and customize multipliers for both inner (+/- 1) and outer (+/- 2) deviation bands.
* **Pearson's R:** Optional toggle to display the Pearson correlation coefficient to gauge the strength of the trend.
* **True-Level Alerts:** Custom alerts for upper and lower line breaks. The alerts use `line.get_price()`, meaning they trigger precisely based on where the lines are currently drawn on your screen—whether the channel is actively shifting or frozen in place.
* **Visual Customization:** Full control over line colors, fills, and left/right line extensions.
**How to Use the Freeze Feature:**
Go to the indicator settings and check "Freeze Channel".
1. Select **"Lock to Last Closed Bar"** to stop the live candle from wildly altering the channel slope.
2. Select **"Lock to Specific Time"** and enter a timestamp to anchor your channel permanently to a specific historical moment, extending those exact levels into the future.
---
**Title:** Standard Deviation Channel (with "Freeze" Toggle)
**Description:**
Linear Regression and Standard Deviation Channels are fantastic for identifying trends and mean-reversion levels, but they have one major flaw for day traders: **they constantly shift and repaint with every new price tick.**
This script solves that problem by introducing a custom **"Freeze Channel"** toggle.
Instead of chasing a moving target, you can now lock your channel in place and project static, reliable levels forward to trade against.
**Key Features:**
* **Freeze Toggle:** Stop the channel from shifting. You can choose to lock it to the last closed bar (ignoring live tick volatility) or lock it at a specific historical time (like the morning open) to establish fixed levels for the rest of the day.
* **Dual Deviations:** Independently toggle and customize multipliers for both inner (+/- 1) and outer (+/- 2) deviation bands.
* **Pearson's R:** Optional toggle to display the Pearson correlation coefficient to gauge the strength of the trend.
* **True-Level Alerts:** Custom alerts for upper and lower line breaks. The alerts use `line.get_price()`, meaning they trigger precisely based on where the lines are currently drawn on your screen—whether the channel is actively shifting or frozen in place.
* **Visual Customization:** Full control over line colors, fills, and left/right line extensions.
**How to Use the Freeze Feature:**
Go to the indicator settings and check "Freeze Channel".
1. Select **"Lock to Last Closed Bar"** to stop the live candle from wildly altering the channel slope.
2. Select **"Lock to Specific Time"** and enter a timestamp to anchor your channel permanently to a specific historical moment, extending those exact levels into the future.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.