About Regression Channel
The Regression Channel indicator — part of the DS Essentials package — is implemented as an overlay in Technician. It will calculate and display a linear regression basis line along with three standard deviation bands. The indicator can be set to display as a continuous plot or as a fixed regression channel, as seen in the images below. If the fixed channel is selected, you also have the option of shifting the the regression calculation back by a user-defined number of bars. Note that the offset will shift accordingly as new bars come in (i.e., if a 10-bar offset is selected then the offset will always be 10 bars back from the most current price bar).
The full Regression Channel 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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