Logarithmic Trend Channel

2021년 12월 17일

This indicator automatically draws a regression channel plotted on logarithmic scale from the first quotation.

This model is useful for the long term series data (such as 10 or 20 years time span).

The Pearson correlation measures the strength of the linear relationship between two variables. It has a value between to 1, with a value of 0 meaning no correlation, and + 1 meaning a total positive correlation.

Logarithmic price scales are a type of scale used on a chart, plotted such that two equivalent price changes are represented by the same vertical changes on the scale.
They differ from linear price scales because they display percentage points and not dollar price increases for a stock.

Technical issues
*The user have to pan over the chart from the beginning to the end of the study range (such as 10 years of bars) so the pine script could generate those lines on the chart.
*If on the chart the number of bar is less than the lookback period, it won't generate any lines as well.

2022년 3월 4일

릴리즈 노트

Colour adjustments

2023년 4월 21일

릴리즈 노트

shorttitle changed

2024년 1월 14일

릴리즈 노트

Pine script V5 update

2024년 9월 17일

릴리즈 노트

Logarithmic Trend Channel Max