I like the linear regression indicator channels. Don't see a lot of people using them, but I think they are excellent for resistance and support. Looks like it might be at both a horizontal and linear support area so agree that the chance of a move up is in your favour. Thanks for sharing. Hope you are enjoying your TradingView experience :)
@AngusMcK, I've been using it mostly for high momentum issues such as $NIO and BTCUSD. A means to assess the degree they might be overbought and oversold at any point.
Linear regression is not a perfect "forecasting tool" by any means, but it is simple math, easy to understand, and helps quiet all the external noise.
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Linear regression is not a perfect "forecasting tool" by any means, but it is simple math, easy to understand, and helps quiet all the external noise.