Auto Channel Indicator

📘 Indicator Description: Auto Channel IndicatorThe Auto Channel Indicator is an advanced technical analysis tool based on the statistical concept of Linear Regression. It is designed to automatically identify the prevailing market trend and define the volatility boundaries of price action over a specific lookback period.1. Core ComponentsThe Median Line (Linear Regression Line): Calculated using the "Least Squares" method ($y = mx + c$). This line represents the "fair value" or the mathematical average path of the price. A rising slope indicates a Bullish Trend, while a falling slope indicates a Bearish Trend.Upper & Lower Borders (Precision Deviation): Unlike standard channels that use fixed standard deviations, this indicator uses Maximum Deviation. It identifies the highest peak and lowest valley relative to the median line within the last 300 candles, ensuring that the entire recent price history is contained within the channel.Dynamic Trend Coloring: The channel background automatically shifts color based on the slope. A green tint signifies an upward momentum, while a red tint signifies downward pressure, allowing for instant visual trend recognition.2. Key Features & Settings300-Period Lookback: Optimized for a broad view of the market, reducing "market noise" and focusing on significant structural moves.Real-Time Recalculation: The channel is dynamic; it updates with every new candle to reflect the most current price structure.Extended Projection: The lines can be extended into the future (Right Extension), acting as predictive support and resistance levels.Touch & Breakout Alerts: Integrated alert conditions trigger when the price makes contact with the outer boundaries, signaling potential reversals or trend exhaustions.3. Trading StrategiesMean Reversion: Traders often look for "Short" opportunities at the upper border and "Long" opportunities at the lower border, expecting the price to return to the Median Line.Trend Following: As long as the price remains within the channel and the slope is consistent, the trend is considered healthy.Breakout Trading: A candle closing outside the upper or lower boundary suggests a significant shift in market volatility and the potential start of a new, parabolic trend.