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Regression Line Pro and StdDev Channel

0.00

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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