Dow Theory - High Timeframe Linear Regression Channel

🧭 Dow Theory – High Timeframe Linear Regression Channel
No moving averages. No smoothing. Just clean structure, drawn directly from price.

This indicator is built for serious price action traders who need to stay aligned with the true structure of the market - especially when volatility shifts or price moves in irregular waves. Unlike indicators that rely on moving averages or smoothed data, this tool is based purely on confirmed high-timeframe raw price movement.

⚙️ How It Works:
Detects highs and lows from your chosen higher timeframe (e.g., H1 or H4).

Draws real-time trendlines and parallel regression channels based on true price action — no smoothing involved.

When price closes beyond the channel, the indicator breaks the trend visually and structurally.

In sideways phases, it automatically draws clean horizontal boundaries to define consolidation zones.

❌ What It Doesn’t Do:
No moving averages

No exponential or weighted filters

No price smoothing
→ Which means no distortion when price moves with inconsistent speed or volatile ranges.

🌟 Key Features:
Trend-aligned trading made visual: Clearly see if structure is trending or ranging.

Auto break detection: Trendlines are removed once structure is invalidated.

100% price-based logic: No repainting, no lag.

Customizable visuals: Adjust timeframe, color, line style, and more.

🧪 Perfect For:
Traders who avoid lagging indicators and want real structure.

Systems that require clean, event-driven signals based on HTF behavior.

Navigating fast or irregular markets without being misled by artificial smoothing.