NotFuz

Linear Regression Channels

NotFuz Premium 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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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