Regression Channel is a visual trend-and-volatility tool that draws a smooth channel around price. It calculates adaptive upper and lower boundaries based on recent market behavior, helping you quickly spot the prevailing direction, measure volatility expansion/contraction, and identify potential overextended moves.

Use it to:

• Confirm trend direction and strength
• Highlight mean-reversion zones near the channel edges
• Spot breakouts when price pushes beyond the boundary
• Improve entries/exits by combining with your existing signals

Parameters:

• Length: lookback window used for the channel calculation
• Deviation: band width multiplier controlling how tight or wide the channel is