Linear Regression Channels

NotFuz Updated   
These channels are generated from the current values of the linear regression channel indicator, the standard deviation is calculated based off of the RSI . This indicator gives an idea of when the linear regression model predicts a change in direction.

You are able to change the length of the linear regression model, as well as the size of the zone. A negative zone size will make the zone stretch away from the center, and a positive zone size will make it stretch towards the centerline.
Release Notes:
Updated the settings menu to more concisely display the options and updated max / min values

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


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