QMap17

3X Linear Regression

This indicator allows you to show a Linear Regression Channel with 3 multiples of a standard deviation.

For example... you can set a line a 1, 2, and 3 standard deviations from the center line.

Or... 0.8, 1.6, and 2.4 standard deviations.

Set the first Upper/Lower deviations, and a deviation line 1x, 2x, and 3x your input is plotted.

Pearson's R is plotted as well
Release Notes: Fixed minor glitches
Each line can be adjusted to the stdev offset you choose to the tenths place. for example: you can set 1.0, 2.0, and 3.0... then change 3.0 to 2.9 if you choose
Release Notes:
  • Added the capability to change the color of the lines via dropdown.
  • Added the capability to add 3 moving averages to the plot. You can select whether you want WMA or EMA. (user suggestion -- thank you, S)

Thank you for sharing and for your positive feedback. I am grateful.
Release Notes: Increased Pearson's R Size
Release Notes: Added in VWAP in case you like to use it
Release Notes: Added SMA option
Added Custom size for Pearson's R
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