INVITE-ONLY SCRIPT
Anchored LRC Pro+
Chart: MNQ (Micro E-mini Nasdaq 100 Futures) — 5-Minute Timeframe
DESCRIPTION:
ANCHORED LRC PRO+
Intelligent Linear Regression Channel with Fractal-Based Anchoring & Pearson R Optimization
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OVERVIEW
Traditional Linear Regression Channels use a fixed lookback period — 50 bars, 100 bars, 200 bars. The problem is that these arbitrary periods rarely align with actual market structure. Your channel starts from a random historical bar that has no structural significance.
Anchored LRC Pro+ solves this by anchoring the regression channel to confirmed Williams Fractal pivot points — mathematically significant turning points where price actually reversed. The result is a channel that starts from a real structural event, not an arbitrary point in time.
But it goes further. The indicator doesn't just anchor to the most recent fractal. It evaluates multiple recent fractals simultaneously and calculates the Pearson R correlation coefficient for each potential anchor. It then selects the anchor that produces the strongest statistical fit to current price action. You get the most statistically valid channel possible at any given moment.
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HOW IT WORKS
Step 1 — Fractal Detection:
Williams Fractals are identified using a configurable lookback period. The indicator auto-adjusts this lookback based on your timeframe (shorter timeframes use larger lookback values to filter noise, higher timeframes use smaller values), or you can set it manually.
Step 2 — Anchor Selection:
The indicator stores recent fractal highs and fractal lows. In "Best Fit" mode, it calculates Pearson's R correlation for each stored fractal as a potential anchor point. The fractal that produces the highest R value — meaning the strongest linear relationship between price and time — becomes the anchor.
Step 3 — Channel Construction:
A standard linear regression is calculated from the selected anchor point to the current bar. Upper and lower bands are drawn at a configurable standard deviation width. The channel extends forward by a user-defined number of bars.
Step 4 — Price Position Analysis:
The info table displays where price currently sits within the channel as a percentage (0% = lower band, 50% = regression line, 100% = upper band), along with zone labels such as "Upper Extreme," "Midline," or "Lower Zone."
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ANCHOR MODES
Best Fit (Pearson R) — DEFAULT. Evaluates multiple recent fractals (configurable: 2-10) and selects the one producing the highest Pearson R correlation. This ensures your channel has the strongest possible statistical validity. A minimum R threshold can be set to reject weak fits entirely.
Most Recent — Anchors to whichever fractal (high or low) confirmed most recently. Simple and responsive, but may not produce the strongest channel.
From Fractal High — Always anchors to the most recent fractal high. Useful when you want channels originating from resistance/supply zones.
From Fractal Low — Always anchors to the most recent fractal low. Useful when you want channels originating from support/demand zones.
═════════════════════════════════════════════════════════════
PEARSON R CORRELATION
The Pearson R value (displayed in the anchor label and info table) tells you how well price conforms to the linear regression line:
0.90 — 1.00: Very Strong — Price is moving in a highly linear trend
0.70 — 0.89: Strong — Clear trend with minor deviations
0.50 — 0.69: Moderate — Trend exists but with significant noise
Below 0.50: Weak — Price action is choppy; channel may not be reliable
Higher R values mean the channel boundaries are more statistically meaningful. The info table color-codes the R value (green for strong, yellow for moderate, orange for weak) so you can assess channel reliability at a glance.
═════════════════════════════════════════════════════════════
INFO TABLE
The on-chart info table displays:
- Anchor type (Fractal High or Fractal Low)
- Pearson R value with strength label
- Channel length in bars
- Price Position percentage with zone label and color coding
═════════════════════════════════════════════════════════════
KEY SETTINGS
Fractal Settings:
- Fractal Lookback: 0 = Auto (adjusts per timeframe), or set manually (1-50)
#NAME?
Anchor Settings:
- Anchor Mode: Best Fit, Most Recent, From High, From Low
- Fractals to Evaluate: How many recent fractals to compare (2-10)
- Minimum R Threshold: Reject anchors below this correlation (0 = no minimum)
- Minimum Bars: Minimum channel length required
Channel Appearance:
- Channel Width: Standard deviation multiplier (0.5 - 4.0)
- Customizable colors for regression line, upper band, and lower band
- Fill opacity control
- Extend Right: Project the channel forward (0-50 bars)
Labels & Info:
- Show/hide anchor label with optional R value display
- Info table with configurable position and size
═════════════════════════════════════════════════════════════
USE CASES
Trend Trading: Use Best Fit mode. A high R value (0.80+) confirms a strong, tradeable trend. Buy near the lower band in uptrends, sell near the upper band in downtrends.
Mean Reversion: When price reaches the upper or lower extreme zones (shown in the info table), look for reversal setups back toward the regression line.
Breakout Confirmation: A channel break combined with declining R values can signal a structural shift in trend direction.
Support/Resistance: Anchor from Fractal High or Low to create channels originating from key supply/demand zones.
Multi-Timeframe: Use on higher timeframes to establish the dominant trend channel, then trade entries on lower timeframes within that channel's context.
═════════════════════════════════════════════════════════════
WHAT MAKES THIS DIFFERENT
Most regression channel indicators use arbitrary fixed lookback periods. This indicator anchors to real market structure (fractals) and uses statistical optimization (Pearson R) to select the best anchor point. The result is a channel that is both structurally meaningful and statistically valid — not just a line drawn from an arbitrary starting point.
═════════════════════════════════════════════════════════════
TIMEFRAME COMPATIBILITY
Works on all timeframes. The auto-fractal feature adjusts sensitivity automatically:
- 1-2 min: Lookback 10 (filters micro-noise)
- 5 min: Lookback 7
- 15 min: Lookback 5
- 1H+: Lookback 2-3 (captures broader structure)
═════════════════════════════════════════════════════════════
ALERTS
- Fractal High Confirmed — New potential anchor point detected above price
- Fractal Low Confirmed — New potential anchor point detected below price
═════════════════════════════════════════════════════════════
DISCLAIMER:
This indicator is for educational and informational purposes only.
It is not financial advice. Past performance does not guarantee future results.
Trading involves substantial risk of loss. Always use proper risk management
and combine with other analysis methods.
═════════════════════════════════════════════════════════════
Questions or feedback? Drop a comment below.
Great Trading,
NPR21
DESCRIPTION:
ANCHORED LRC PRO+
Intelligent Linear Regression Channel with Fractal-Based Anchoring & Pearson R Optimization
═════════════════════════════════════════════════════════════
OVERVIEW
Traditional Linear Regression Channels use a fixed lookback period — 50 bars, 100 bars, 200 bars. The problem is that these arbitrary periods rarely align with actual market structure. Your channel starts from a random historical bar that has no structural significance.
Anchored LRC Pro+ solves this by anchoring the regression channel to confirmed Williams Fractal pivot points — mathematically significant turning points where price actually reversed. The result is a channel that starts from a real structural event, not an arbitrary point in time.
But it goes further. The indicator doesn't just anchor to the most recent fractal. It evaluates multiple recent fractals simultaneously and calculates the Pearson R correlation coefficient for each potential anchor. It then selects the anchor that produces the strongest statistical fit to current price action. You get the most statistically valid channel possible at any given moment.
═════════════════════════════════════════════════════════════
HOW IT WORKS
Step 1 — Fractal Detection:
Williams Fractals are identified using a configurable lookback period. The indicator auto-adjusts this lookback based on your timeframe (shorter timeframes use larger lookback values to filter noise, higher timeframes use smaller values), or you can set it manually.
Step 2 — Anchor Selection:
The indicator stores recent fractal highs and fractal lows. In "Best Fit" mode, it calculates Pearson's R correlation for each stored fractal as a potential anchor point. The fractal that produces the highest R value — meaning the strongest linear relationship between price and time — becomes the anchor.
Step 3 — Channel Construction:
A standard linear regression is calculated from the selected anchor point to the current bar. Upper and lower bands are drawn at a configurable standard deviation width. The channel extends forward by a user-defined number of bars.
Step 4 — Price Position Analysis:
The info table displays where price currently sits within the channel as a percentage (0% = lower band, 50% = regression line, 100% = upper band), along with zone labels such as "Upper Extreme," "Midline," or "Lower Zone."
═════════════════════════════════════════════════════════════
ANCHOR MODES
Best Fit (Pearson R) — DEFAULT. Evaluates multiple recent fractals (configurable: 2-10) and selects the one producing the highest Pearson R correlation. This ensures your channel has the strongest possible statistical validity. A minimum R threshold can be set to reject weak fits entirely.
Most Recent — Anchors to whichever fractal (high or low) confirmed most recently. Simple and responsive, but may not produce the strongest channel.
From Fractal High — Always anchors to the most recent fractal high. Useful when you want channels originating from resistance/supply zones.
From Fractal Low — Always anchors to the most recent fractal low. Useful when you want channels originating from support/demand zones.
═════════════════════════════════════════════════════════════
PEARSON R CORRELATION
The Pearson R value (displayed in the anchor label and info table) tells you how well price conforms to the linear regression line:
0.90 — 1.00: Very Strong — Price is moving in a highly linear trend
0.70 — 0.89: Strong — Clear trend with minor deviations
0.50 — 0.69: Moderate — Trend exists but with significant noise
Below 0.50: Weak — Price action is choppy; channel may not be reliable
Higher R values mean the channel boundaries are more statistically meaningful. The info table color-codes the R value (green for strong, yellow for moderate, orange for weak) so you can assess channel reliability at a glance.
═════════════════════════════════════════════════════════════
INFO TABLE
The on-chart info table displays:
- Anchor type (Fractal High or Fractal Low)
- Pearson R value with strength label
- Channel length in bars
- Price Position percentage with zone label and color coding
═════════════════════════════════════════════════════════════
KEY SETTINGS
Fractal Settings:
- Fractal Lookback: 0 = Auto (adjusts per timeframe), or set manually (1-50)
#NAME?
Anchor Settings:
- Anchor Mode: Best Fit, Most Recent, From High, From Low
- Fractals to Evaluate: How many recent fractals to compare (2-10)
- Minimum R Threshold: Reject anchors below this correlation (0 = no minimum)
- Minimum Bars: Minimum channel length required
Channel Appearance:
- Channel Width: Standard deviation multiplier (0.5 - 4.0)
- Customizable colors for regression line, upper band, and lower band
- Fill opacity control
- Extend Right: Project the channel forward (0-50 bars)
Labels & Info:
- Show/hide anchor label with optional R value display
- Info table with configurable position and size
═════════════════════════════════════════════════════════════
USE CASES
Trend Trading: Use Best Fit mode. A high R value (0.80+) confirms a strong, tradeable trend. Buy near the lower band in uptrends, sell near the upper band in downtrends.
Mean Reversion: When price reaches the upper or lower extreme zones (shown in the info table), look for reversal setups back toward the regression line.
Breakout Confirmation: A channel break combined with declining R values can signal a structural shift in trend direction.
Support/Resistance: Anchor from Fractal High or Low to create channels originating from key supply/demand zones.
Multi-Timeframe: Use on higher timeframes to establish the dominant trend channel, then trade entries on lower timeframes within that channel's context.
═════════════════════════════════════════════════════════════
WHAT MAKES THIS DIFFERENT
Most regression channel indicators use arbitrary fixed lookback periods. This indicator anchors to real market structure (fractals) and uses statistical optimization (Pearson R) to select the best anchor point. The result is a channel that is both structurally meaningful and statistically valid — not just a line drawn from an arbitrary starting point.
═════════════════════════════════════════════════════════════
TIMEFRAME COMPATIBILITY
Works on all timeframes. The auto-fractal feature adjusts sensitivity automatically:
- 1-2 min: Lookback 10 (filters micro-noise)
- 5 min: Lookback 7
- 15 min: Lookback 5
- 1H+: Lookback 2-3 (captures broader structure)
═════════════════════════════════════════════════════════════
ALERTS
- Fractal High Confirmed — New potential anchor point detected above price
- Fractal Low Confirmed — New potential anchor point detected below price
═════════════════════════════════════════════════════════════
DISCLAIMER:
This indicator is for educational and informational purposes only.
It is not financial advice. Past performance does not guarantee future results.
Trading involves substantial risk of loss. Always use proper risk management
and combine with other analysis methods.
═════════════════════════════════════════════════════════════
Questions or feedback? Drop a comment below.
Great Trading,
NPR21
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TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
To get access, subscribe at whop.com/npr21 — you'll receive invite-only access within 24 hours of subscribing. Questions? Message me through the Whop chat.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系NPR21。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
To get access, subscribe at whop.com/npr21 — you'll receive invite-only access within 24 hours of subscribing. Questions? Message me through the Whop chat.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。