About Polynomial Bands
The Polynomial Bands indicator- part of the DS Essentials package — is a support/resistance tool and is based on the cycle work of JM Hurst. It calculates and displays a set of polynomial regression bands. You can select the polynomial order (1-4) as well as the number of standard deviations to use. The outer bands are standard deviation of price (conventional) added/subtracted relative to the basis line, while the inner bands are standard deviation of the difference between price and the basis line. As each new bar comes in, the polynomial regression will be recalculated based on the number of bars you have specified.
Polynomial Bands will run on any bar interval/custom period available in Technician.
The full Polynomial Bands user guide can be found on the Divergence Software website here: http://www.sr-analyst.com/ChartIQHelp/index.html
It should not be assumed that past performance is any guarantee of future results. Results obtained from the use of the DS Essentials Indicator Collection for ChartIQ indicators or any information provided in this User Guide are not guaranteed to be profitable. It should be understood that investing or speculating in the financial markets involves risk and may result in either a partial or total loss of one’s investment capital. The information presented in this User Guide is believed to be reliable, but cannot be guaranteed as to its accuracy or completeness.
Divergence Software, Inc. and/or its principals and employees will accept no liability whatsoever for any loss arising from any use of the DS Essentials Indicator Collection for ChartIQ indicators, or the information contained in this User Guide. Neither Divergence Software, Inc. nor ChartIQ offer trading advice of any kind and we are solely involved in the business of financial software development and education.
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