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This indicator shows the movements of the regression line and the standard deviation channel.
- p: The number of bars to calculate the regression line.
- mx: Regression degree of line 1 (varies from 1 to 8)
- m: The degree of regression of line 2 (varies from 1 to 8)
- bars: Colors the bars when true.
- line: Displays the regression line when true.
- Channel: Displays the standard deviation channel when true.
Interpretation of statuses:
- If the regression line 1 is larger than the regression line 2, the bars are colored green, an uptrend.
- If the regression line 1 is less than the regression line 2, the bars are colored red, a downtrend.
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Key Features of Algorithmic Trading Software
25 July 2016
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