Standard Deviation Channel (Auto)A regression channel inspired by the ThinkorSwim Standard Deviation Channel. It finds the trend length for you.
HOW IT WORKS
1. The script draws a straight line through recent price (linear regression).
2. It draws bands above and below that line at 1, 2, and 3 standard deviations. Standard deviation is a measure of how far price usually strays from the line.
3. In Auto mode, it tests many lengths. It keeps the length where price follows the line best, using the highest |Pearson R|. Pearson R i
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