Kings Shutter Channel

KINGS Shutter Channel

A logarithmic regression channel indicator with dynamic slope detection, standard deviation bands, and trend dashboard.


⚙️ How It Works

Logarithmic Regression Line

The script fits a regression line to price data using a logarithmic scale.

This smooths price action and highlights the underlying growth curve.

Channel Bands (Volatility Zones)

Upper and lower channel boundaries are calculated from standard deviation × user-defined width.

Bands expand/contract with volatility, forming a dynamic channel.

Trend Detection

Regression slope and direction of movement (last few bars) define bias.

Automatic “UP / DN” labels show current directional status.

Visual Enhancements

Gradient coloring for bullish vs bearish bias.

Fill between regression lines and channels for clear zones.

Optional midline display and band fills.

Dashboard (top-right)

Displays current slope value.

Shows channel trend (UP/DN).

Shows log regression short-term direction.

📖 How to Use

Use the central regression line as a long-term fair-value reference.

Upper channel bands can act as dynamic resistance zones, lower bands as support zones.

“UP” bias = regression line sloping upward.

“DN” bias = regression line sloping downward.

Combine with volume, oscillators, or higher timeframe confirmation for best results.

⚠️ Notes

Works best on assets with long data history (indices, BTC, majors).

Should not be used on non-standard charts (Heikin Ashi, Renko, etc.) for backtesting.

This is an analytical tool, not a guaranteed buy/sell signal system.

Past performance ≠ future results. Always manage risk.