What it draws
Fits a linear regression line through all bars in a selected time range and draws parallel bands above and below it at a set number of standard deviations (commonly ±2). It shows the statistical best-fit trend and how stretched price is relative to it.
How to draw it
- Pick Regression Trend from the left toolbar (Channels group).
- Two points: click the start bar and the end bar of the range; the regression line and deviation bands are computed automatically over that span.
How traders use it
- Treat the regression midline as fair value for the period — price at the upper band is statistically stretched, at the lower band statistically cheap.
- In a trend, buy pullbacks toward the midline or lower band and exit near the upper band, in the direction of the regression slope.
- Watch the slope itself: a flattening regression line over successive redraws signals the trend is losing force.
- A sustained close outside the ±2σ band flags either an overextension likely to mean-revert or the start of a new, faster trend — let the next few bars decide.
Settings reference
Double-click the drawing (or use its floating toolbar → gear) to open settings:
| Setting | Control | Possible values | Default | Effect |
|---|---|---|---|---|
| Color | color | any color (theme color picker) | #05B878 | Color of the regression base line and channel boundaries. |
| Line Width | select | 1px | 2px | 3px | 4px | 2px | Stroke thickness of the drawing’s lines and outlines. |
| Line Style | select | Solid | Dashed | Dotted | Solid | Dash pattern used for the drawing’s lines. |
| Fill Color | color | any color | #05B878 | Fill color of the regression channel. |
| Fill Opacity | slider | 0–100 | 5 | Opacity of the regression channel fill. |
| Std Dev | select | 1σ | 2σ | 3σ | 1σ | Standard-deviation multiplier for the channel width around the linear-regression line. |
| [Tab] Text — Text | checkbox + textarea | on/off, with a multiline text box for the label content | off (on when the drawing already carries text) | Enables an attached text label on the drawing; typing in the box auto-enables it and updates the label live. |
| [Tab] Text — Text Color | color | any color | same as the drawing’s line color | Color of the attached text label. |
| [Tab] Text — Font Size | select | 8, 10, 11, 12, 14, 16, 18, 20, 24, 28, 32, 36, 48, 64, 72 | 14 | Point size of the attached label text. |
| [Tab] Text — Bold | checkbox | on/off (B toggle button) | off | Renders the label in bold. |
| [Tab] Text — Italic | checkbox | on/off (I toggle button) | off | Renders the label in italics. |
| [Tab] Text — Word Wrap | checkbox | on/off | off | Wraps long label text onto multiple lines instead of one long line. |
| [Tab] Text — Text alignment (vertical) | select | Top | Middle | Bottom | Top | Vertical placement of the label relative to the drawing. |
| [Tab] Text — Text alignment (horizontal) | select | Left | Center | Right | Center | Horizontal placement of the label relative to the drawing. |
| [Tab] Coordinates | number + datetime | one row per anchor point: price (number, step 0.05) and local date/time | the drawing’s current anchor values | Edits anchor geometry numerically — changing a point’s price or time moves the drawing live on the chart. |
| [Tab] Visibility | checkbox + number range | interval buckets: Ticks; Seconds 1–59; Minutes 1–59; Hours 1–24; Days 1–366; Weeks 1–52; Months 1–12; Ranges (each bucket has an on/off checkbox, most also a from–to range) | visible on all intervals | Per-timeframe visibility rules — untick a bucket to hide the drawing on those chart resolutions, or narrow the from–to range within a bucket. |
Editing & managing
- Move / adjust: drag the drawing or any anchor handle; magnet mode snaps points to OHLC values.
- Clone / lock / hide / delete from the floating toolbar or right-click menu.
- Templates: save the current style from the settings dialog and reapply it to new drawings.
- Every action is undoable (⌘Z / Ctrl+Z).
Watch out for
- The whole channel is recomputed from the chosen window, so moving the start point changes every line — it describes the selected past and does not by itself forecast the future.