Dynamic Linear Regression Channels

19 בדצמ׳ 2022

Plots new linear regression channels from points where a previous channel is broken thus keeping the length of bars in the trend dynamic. Regression channels are useful in detecting trend changes, support and resistance levels and to trade mean reversions.

Note: Setting higher values of upper and lower deviation may result in error if the price never breaks the channel and the script references too many bars than supported.