This indicator allows trading using the so called channel strategy, which is based on the support and resistance levels. Linear Regression allows simplifying the buildup of a channel required for trade. It enables not to set individually significant points as the program builds up the channel itself, based on the set time frame.
Indicator view on the chart.
To add and set up this indicator, open the settings window.
Sourse - setup of the indicator calculation parameters:
Period -setup of the indicator calculation period.
Panel– selection of the indicator position on the chart:
- New panel.
Scale - if this option is on, the scale is calculated automatically based on the minimum and maximum values of the indicator to fit the latter in the chart.
Color - color setup of the indicator.
Visual type-visual setup of the indicator display on the chart:
- Up arrow
- Down arrow
- Axis label
Line style-setup of the line display:
Width - width setup for the indicator line.
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