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