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Linear Regression Channel
Source: https://fxcodebase.com/code/viewtopic.php?f=48&t=65558
Forum: 48 · Topic 65558 · 1 post(s)
Linear Regression Channel
Alexander.Gettinger · Sat Jan 06, 2018 4:56 pm
Linear Regression Line is a straight line that best fits the prices between a starting price point and an ending price point.
The indicator has two channel modes 1) Max Distance The distance between Linear Regression Line and Linear Regression channel, equals to the value of maximum close price Distance from the regression line.
2)Standard deviations Default value is one Standard deviations from central line.
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