Automatic regression channel

[Cactus]

Is there an indicator that places an instance of regression channel so that it fits the price, where high touches upper boundary and low touches lower? Something like auto trend lines but for a channel with the middle line also.

[Apprentice]

Can you confirm procedure.
1) The user sets the indicator period.
2) Central line is calculated as regression line.
3) Top / Bottom line is determined by the maximum high / low distance from the central line

4)How is this different from buildin regression channel tool.

[Apprentice]

Try this version.
viewtopic.php?f=17&t=548&p=55604&hilit=raff+channel#p55604