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Regression Line Pro and StdDev Channel

This indicator displays the Regression Line and StdDev Channel movements.


Parameters

  • 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.
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