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.