Length |
Input the length for the regression calculation. Range is from 2 to 500 bars. The default is 40 bars. |
StdDev #1 |
Input the number of standard deviations to use for the first channel. The default is 1.5 |
StdDev #2 |
Input the number of standard deviations to use for the second channel. The default is 2.0 |
StdDev #3 |
Input the number of standard deviations to use for the third channel. The default is 2.5 |
Source |
Select the price source to use for the regression calculation. You can select from "Close", "Open", "High", "Low", "HL2", "HLC3", and "OHLC4" |
Plot Logic |
Select from "Bands" and "Channel". If "Bands" is selected then a continuous plot of the regression bands will be created. If "Channel" is selected then a fixed regression channel based upon the input length will be plotted. The default is "Bands". |
Extension |
Input the number of bars past the endpoint the fixed regression channel should be extended. The default is 15 bars. This setting only applies if Plot Logic is set to Channel. |
Channel Offset |
Input the bar offset to use if "Channel" is selected under Plot Logic. This allows you to shift the calculation back by the specified number of bars. Range is from 0 to 500. The default is 1. |
Basis |
Select the color to be used to draw the regression basis line. The default is blue. |
Chan #1 Upper |
Select the color to be used to draw the upper level of the first channel. The default is red. |
Chan #1 Lower |
Select the color to be used to draw the lower level of the first channel. The default is red. |
Chan #2 Upper |
Select the color to be used to draw the upper level of the second channel. The default is green |
Chan #2 Lower |
Select the color to be used to draw the lower level of the second channel. The default is green. |
Chan #3 Upper |
Select the color to be used to draw the upper level of the third channel. The default is black. |
Chan #3 Lower |
Select the color to be used to draw the lower level of the third channel. The default is black. |
