Linear Regression Channel consists of two parallel lines, equidistant up and down from the line of linear regression trend. The distance between frame of the channel and regression line equals to the value of maximum close price deviation from the regression line.
This indicator can plot a liner regression, a parabolic regression (second-power), and a polynomial regression (third-power).
October 20th, 2014 08:11 PM Zephyr THANK YOU VERY MUCH!
September 10th, 2013 08:48 PM Scott305
September 18th, 2010 08:23 PM marin I downloaded into Ninja 7 beta21 and the indicator plotted somewhat OK initially in the standard default settings mode..
.
The HATEMA and TEMA lines do not seem to plot. Fill OB/OS works OK.
Not sure if the 2nd and 3rd power regressions plotted correctly...setting the degree to 2, 3 & 4 produced similar lookin
g results.
May 27th, 2010 12:56 PM theLonelyTrader Used with volume analysis and price action, my favorite market indicator by far, especially on leading instruments like
6E, CL and DAX.
November 1st, 2009 02:19 PM cclsys Excellent. I suspect this will end up being one of the only 2-3 indicators I intend to have up on a chart during trading
. Is dynamic, visually simple, and technically sophisticated. Thanks.
April 4th, 2019 12:40 PM Maxie very helpful, thanks
August 3rd, 2018 05:09 PM Zephyr I'm a HUGE believer in the Polynomial Regression Channel. If it's coded correctly, it's highly predictive for support a
nd resistance. I use 2 of them on my charts. One is longer term (150 - 200 bars for daytrading), and one is short-term
(50 bars). I only use upper and lower lines. I use one at full range for the multiple time frames of swing trading.
The only one I've ever seen coded perfectly and correctly is the one made by Robert Payne at www.funwiththinkscript.com
- made for Thinkorswim.
Thank you very much for this. I will test it shortly.
July 8th, 2018 06:09 AM Ratdog INstant money maker when applied correctly.
May 27th, 2017 01:55 AM romus I am keen to see live results from trading it (about to test on some strategies in NT7) - even though it repaints, but a
s long as highs and lows stay within extremes the results should be as per backtesting.
It certainly is difficult to follow visually.
I am not into NT8 yet - but glad to see this indi is already converted