Regression Line Pro and StdDev Channel
This indicator displays the Regression Line and StdDev Channel movements.
- p: Amount of bars for the Regression Line calculation.
- mx: Line 1 Regression degree (changes from 1 to 8)
- m: Line 2 Regression degree (changes from 1 to 8)
- bars: Color bars true.
- line: Regression line true.
- Channel: StdDev Channel true.
How to understand the status:
- If the regression line 1 is greater than regression line 2 bars color green,trend up.
- If the regression line 1 is less than regression line 2 bars color red,trend down.