Regression Channel Indicator
- Indicateurs
- Irina Cherkashina
- Version: 1.2
- Activations: 5
The Regression Channel Indicator builds a regression channel.
The linear regression channel consists of two parallel lines, equidistant from the top and bottom of the linear regression trend line. The distance between the channel boundaries and the regression line is equal to the deviation of the maximum closing price from the regression line.
Input parameters of the indicators:
degree - degree of regression, varies from 1 to 61;
kstd - width of the regression channel;
data - starting date for channel calculation;
CountBars - number of bars for channel calculation;
Applied_price - price used;
shift - horizontal channel shift in bars.
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