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Regression Line Beeta Channel and Triangle

This indicator displays the Regression Line, Moving Average, Regression Channel and Triangle movements.


Parameters

  • p: Amount of bars for the Regression Line calculation.
  • m: Regression Line degree (changes from 1 to 8)
  • mn: Regression Channel degree (changes from 1 to 8)
  • MaPeriod: Moving Average period.
  • MaMethod: Moving Average Method.
  • MaPrice: Moving Average Price.
  • RegLinePrice: Regression Line Price.
  • bars: Color bars true.
  • Triangle: Triangle true.
  • Channel: Regression Channel true.

How to understand the status:

  • If the regression line is greater than Moving Average line bars color green,trend up.
  • If the regression line is less than Moving Average line bars color red,trend down.
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