AI Linear Regression Channel Indicator
- Indicators
- Version: 1.0
Fits a least squares regression line to the most recent bars and draws parallel channel lines at a multiple of the standard error. The slope is shown in the indicator name.
Key features
- Calculated on closed bars, values do not repaint
- Works on any symbol and timeframe
- All periods, levels and colours can be changed in the inputs
- Light on resources with a maximum bars setting
- Buffers available for use in your own Expert Advisors (iCustom)
Buffers
0 Regression line, 1 Upper channel, 2 Lower channel.
Inputs
Channel: Regression length (bars), Channel width (x standard error).
Display: Maximum bars to calculate.
Note
This is an analysis tool. It does not place trades.
