This channel uses "regression channel" from trading view and it multiplies 3 times the supports and resistances, so you can see places to short and to long.
Its super useful.
To have more acccuracy, start the channel on the start of the movement.
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
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