This is an idea that I can't backtest, so I'll paper trade it here. I'll start with 20 trades and see how I go.
System looks back to the bar where the greatest deviation from the regression channel occurred on the previous up/down leg, and makes that the trigger for long or short.
B: KAR so long as it closes above 6.65
B: ALL 3.81
B: TTS if closes above 3.18
B: SGT 2.78
Sh: HZN .427
Sh: GPT 3.86