Dow Theory - Low timeframe Linear Regression Channel

🔍 Dow Theory - Minor Trend: Linear Regression Channel for Low Timeframes
Catch Every Move. No Smoothing. No Delay. Pure Price Action.

This indicator redefines how you analyze minor trends on low timeframes by applying Dow Theory principles without relying on traditional smoothing techniques like moving averages. Instead, it maps trends using pure candle high and low points, capturing even the smallest structural shifts with surgical precision.

🧠 What Makes It Special?
Unlike traditional linear regression channels that smooth price across fixed windows (which often fail during high volatility or abrupt moves), this tool is built to react instantly, adapting to the true pulse of the market—the candle’s own highs and lows. The result: no lag, no distortion, and no compromise during fast, slow, wide, or tight market phases.

🧩 Core Functionalities:
Minor Trend Mapping: Automatically identifies and draws channels using candle-by-candle pivot detection (not swing highs/lows).

Adaptive Channel Drawing: Draws real-time parallel channels as soon as a valid trend structure is detected—uptrend, downtrend, or sideway range.

Break Detection Logic: Highlights when price breaks above or below the current channel to anticipate trend shifts.

Sideway Detection: Dynamically tracks contraction phases using overlapping pivot structures.

No Repainting: All lines are fixed and historical; what you see is what really happened.

Fully Customizable:

Change trendline colors for bullish, bearish, or sideway zones.

Adjustable line width and style (solid, dashed, dotted).

Toggle on/off channel lines for clarity.

💡 Why Use This?
If you’re tired of average-based indicators that get whipsawed in volatile markets, this is your surgical tool for clarity. Whether you’re scalping, building entry logic, or looking to automate setups—this indicator gives you the raw market structure in its cleanest, most responsive form.

ENJOY!