Regression Channel Sketcher

v10.3
Regression Channel Sketcher

I have seen something similar elsewhere recently so i decided to make my own version of this channel sketcher for the new ProRealTime 10.3 version with the new “DRAWSEGMENT” function.

This is a regression channel sketcher that draw segment other highs and lows over a ‘p’ period (20 by default).

The alpha gradient is calculated with the difference between the top and bottom channel to made it easier to “read”.

This indicator is more an attempt to demonstrate new graphical capabilities of the platform, than to use it for real trading, but it can be 🙂

 

 

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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