Auto Linear Regression Channels — Indicator by ChimpsAndDimp

The Linear Regression indicator visualizes the general price trend of a specific part of the chart based on the Linear Regression calculation. The central line of the indicator is the linear regression calculation itself, and the lines above or below it are X number of standard deviations removed from the main one. This is a good tool to use to determine when a price is unusually far away from its baseline.

This differs from the built-in Linear Regression indicator by adding in more standard deviations to show more potential reversal points.

Release Notes:

Fixed bug where lower deviation lines were sometimes not displaying.

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact ChimpsAndDimp for more information, or follow the author's instructions below.

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Author's instructions

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