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The indicator draws two regression channels, and also draws trend lines and finds bullish and bearish divergences between the price and the oscillator. You can choose from 20 indicators: (Accelerator/Decelerator, Accumulation/Distribution, Average Directional Movement Index, Average True Range, Awesome oscillator, Bears Power, Bulls Power, Commodity Channel Index, DeMarker, Force Index, Momentum, Money Flow Index, Moving Averages Convergence/Divergence, Moving Average of Oscillator, On Balance Volume, Relative Vigor Index, Standard Deviation, Stochastic Oscillator, Relative Strength Index, Williams' Percent Range).

If both channels are directed upwards and there was a buy divergence, it's a buy signal (the signal can be checked on other indicators). Or vice versa.


  • Select indicators - select indicator (20 indicators are available).
  • Period - select the indicator period.
  • Draw channels on/off - show or not regression channels.
  • Color 1 channel - color of the first regression channel.
  • Color 2 channel - color of the second regression channel.
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