Regression SuperTrend WAIT

🔹 DESCRIPTION

Regression SuperTrend + WAIT Panel is a trend-filter and market regime indicator designed to help traders identify the dominant market direction and avoid low-quality trading conditions.

This script combines:

Regression-based SuperTrend to define the primary trend (UP / DOWN)

A WAIT panel to filter tradable conditions

ADX, RSI, and CCI values displayed in a compact panel for quick context

Buy / Sell labels on the chart do not represent entry signals.
They only indicate trend regime changes.

🔹 How to Use

1. Trend Direction

Green line (UP) → Focus on LONG setups only

Red line (DOWN) → Focus on SHORT setups only

2. WAIT Panel

WAIT(L) → Long bias environment, wait for proper entries

WAIT(S) → Short bias environment, wait for proper entries

Low ADX → Weak or ranging market, trading is not recommended

RSI and CCI values are shown for momentum context only.

🔹 Best Practice

This indicator is not a standalone trading system.
It is intended to be used as:

A higher-timeframe bias tool

A trend and regime filter for lower-timeframe strategies or oscillators

Example:

Regression UP + WAIT(L) → Only look for long setups on lower timeframes

🔹 Who Is This For?

Trend-based traders

ICT / market structure traders

Traders who want to clearly identify when NOT to trade

⚠️ Disclaimer

This script is for educational purposes only.
It is not financial advice.
All trading decisions and risk management are the user’s responsibility.