FXCodeBase.COM: Forex Chart Indicators and Development

Raff Regression Channel a.k.a. Linear Regression Channel draw two parallel lines above and below the regression line.

Distance between lines corresponding to the farthest closing price from the regression line.

Regression Channels restricts the movement of markets, providing appropriate support and resistance lines.

Short-term excursions outside the channel are possible, long-term absence may be a sign of change in trend.

The Linear Regression trendline shows the equilibrium price (equilibrium)
Linear Regression Channels show the range in which we can expect the price deviation from trend lines.

If you look at indicator options, you can see that the Raff Regression Channel can be turn off.



The indicator was revised and updated

I like this indicator. But, when I use this indicator, a error often come out

---- An error occurred during the calculation of the indicator 'LINEAR REGRESSION TREND LINE WITH RAFF CHANNEL'. The error details: [string "Linear Regression Trend Line with Raff Chan..."]:128: Index is out of range.

Can anybody check and fix it? may be array[ ] ? or zero divid ? or wrong value?

Thanks.

Hello,

and thanks for this indicator.

Any update on fixing the error "128: "index out of range"

Regards.

This looks like a good indicator, but I think it would be far more useful if instead of using a fixed period in which to segment the regression lines, the indicator would depend upon the zigzag indicator to find the highs/lows, and then use their times to determine each segment to use for the trend line. This way the trend line will conform to the legs created by the zigzag where the actual trends occur.

Bug corrected, Style Updated.

Minor Update.

Can you add two more lines to this, 1 between middle and top and 1 between middle and bottom, basically between the central line and most outer lines? Kind of similar fashion to how donchian is divided

Major update.
Try it now.

Apprentice wrote:Major update.
Try it now.

Lovely

Indicator was revised and updated.