Linear Regression Channel (Log)

2023년 5월 18일

The Linear Regression Channel (Log) indicator is a modified version of the Linear Regression channel available on TradingView. It is designed to be used on a logarithmic scale, providing a different perspective on price movements.

The indicator utilizes the concept of linear regression to visualize the overall price trend in a specific section of the chart. The central line represents the linear regression calculation, while the upper and lower lines indicate a certain number of standard deviations away from the central line. These bands serve as support and resistance levels, and when prices remain outside the channel for an extended period, a potential reversal may be anticipated.

I have replaced the Pearson values with trend strength levels to enhance understanding for individuals unfamiliar with Pearson correlation.

2023년 11월 19일

릴리즈 노트

Alerts added

2023년 12월 25일

릴리즈 노트

New Short Title

2024년 4월 14일

릴리즈 노트

Minor update