OPEN-SOURCE SCRIPT

MTF Std Dev Regression Channels

60
Multi-Timeframe Linear Regression Channel with Price Labels
Displays linear regression channels from a higher timeframe (default 1-hour) on your current chart. Uses the same calculation method as thinkorswim's standard deviation channels.
Features:

Smooth diagonal channel lines (not stepped) from HTF data
Configurable lookback length and source timeframe
Shows ±0.5σ, ±1σ, ±1.5σ, ±2σ, ±2.5σ, and ±3σ levels
Price axis labels for whole number sigma levels (±1σ, ±2σ, ±3σ)
Chart labels for all levels with 5-bar offset
Line extension options (Right, Left, Both, None)
Fully customizable colors

Perfect for traders who want to monitor higher timeframe regression channels while trading on lower timeframes.

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