OPEN-SOURCE SCRIPT

Standard deviation channel of linear regression distance [AbAh]

9 581
The indicator calculates the distance between linear regression line and the data point (price) as a percentage , then calculates the standard deviation for the linear regression distance , then draw the channel of two lines depending on the values of standard deviation .

///////// How to use ////////////////

1 - for Best result , indicator should be used on 2H frame Time of less : like 1H or 30 min

2 - The upper line and the lower line, both play a role as a support and resistance area, when the price bounces from the upper zone or lower zone, there is a high probability that it will move to the other line.

3 - The price breakout of one of the lower or upper lines may indicate a major price movement coming in the direction of the breakout

/////////////////////////////////////

免責事項

これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。