StdDev HTF Levels

StdDev HTF Levels - Responsive Linear Regression with Higher Timeframe Deviation Support/Resistance

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OVERVIEW

This indicator combines a sophisticated adaptive linear regression channel with multi-timeframe deviation levels, giving you instant visibility into where price sits relative to key statistical levels across Monthly, Weekly, Daily, and 4-Hour timeframes.

The core regression uses WMA-based calculations with RMSE (Root Mean Square Error) deviation bands, providing more responsive and statistically accurate channels than traditional linear regression indicators.

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HOW IT WORKS

▸ Current Timeframe Regression
The indicator calculates a linear regression channel for your current chart timeframe using an adaptive "smart lookback" system. This automatically adjusts the lookback period based on what timeframe you're viewing — shorter periods for intraday charts, longer periods for daily/weekly charts.

The regression line is calculated using a WMA (Weighted Moving Average) method that weights recent price action more heavily, making it more responsive to current market conditions than a simple linear regression.

Deviation bands are plotted at ±1, ±2, and ±3 standard deviations (with optional half-deviations), calculated using RMSE by default for statistically robust distance measurement.

▸ Higher Timeframe Nearest Levels
Here's where it gets powerful: The indicator pulls regression data from four higher timeframes (Monthly, Weekly, Daily, 4H) and displays only the NEAREST deviation level above and below current price from each.

This means instead of cluttering your chart with dozens of lines, you see exactly which HTF levels are most relevant right now — the immediate support and resistance from the bigger picture.

These HTF lines:
• Follow the slope of their respective timeframe's regression
• Are centered around the current candle (half behind, half ahead)
• Automatically hide when you're viewing that specific timeframe (e.g., Daily lines won't show on the Daily chart since you already see the full regression)

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COLOR CODING

• White — Monthly deviation levels
• Neon Yellow — Weekly deviation levels
• Neon Green — Daily deviation levels
• Pink — 4-Hour deviation levels

Current timeframe regression uses customizable colors for the centerline and each deviation band.

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KEY FEATURES

✦ Smart Lookback System
Automatically calculates optimal lookback periods based on your timeframe. For intraday charts, it uses day-based periods. For higher timeframes, it uses week-based periods. Fully customizable in settings.

✦ Adaptive for Crypto & Stocks
Recognizes whether you're trading crypto (7-day weeks) or stocks (5-day weeks) and adjusts calculations accordingly.

✦ RMSE vs StDev Option
Choose between RMSE (default) for deviation calculation or traditional Standard Deviation. RMSE typically provides tighter, more accurate bands.

✦ R² and Correlation Stats
Displays the correlation coefficient (r) and R-squared value so you can gauge the strength and reliability of the current regression.

✦ Hi/Lo Labels
Optional labels showing the highest high and lowest low within the regression period.

✦ Info Table
A compact table in the corner shows which deviation bands (σ) are nearest above/below price for each HTF, along with their R² values.

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HOW TO USE

1. Add to your chart on any timeframe
2. Watch for price interaction with HTF deviation levels — these act as dynamic support/resistance
3. Use the current TF regression channel for trend direction and mean reversion setups
4. Higher R² values indicate stronger, more reliable trends
5. When multiple HTF levels cluster together, expect stronger S/R zones

Trading Ideas:
• Look for bounces off HTF deviation levels for entries
• Use regression slope direction to confirm trend bias
• Mean reversion trades when price reaches ±2σ or ±3σ bands
• Breakout confirmation when price clears multiple HTF levels

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SETTINGS GUIDE

Regression Settings:
• Source — Price source for calculations (default: HLC3)
• Lookback bars — Manual lookback when smart lookback is disabled
• Use smart lookback — Enable/disable automatic period calculation
• Use StDev instead of RMSE — Toggle deviation calculation method

HTF Deviation Levels:
• Show HTF Nearest Deviation Levels — Master toggle for HTF lines
• HTF Line Width — Thickness of HTF level lines
• Color inputs for each timeframe

Appearance:
• Extend lines — Right, Both, or None
• Hi/Lo labels — Show period high/low markers
• Show stats — Display r and R² values

Deviations:
• Deviation multiplier — Scale the band width
• Deviations shown — How many full deviations (1-3)
• Half-deviations shown — How many half deviations (0-3)

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