This indicator displays the Regression Line and StdDev Channel movements.

Parameters

• p: Amount of bars for the Regression Line calculation.
• mx: Line 1 Regression degree (changes from 1 to 8)
• m: Line 2 Regression degree (changes from 1 to 8)
• bars: Color bars true.
• line: Regression line true.
• Channel: StdDev Channel true.

How to understand the status:

• If the regression line 1 is greater than regression line 2 bars color green,trend up.
• If the regression line 1 is less than regression line 2 bars color red,trend down.