The actual linear regression line fills the area between the shadow or outside boundary lines. The 'tab' (see arrows in picture) is the linear regression line, but it's painted to reflect that price is closing in the opposite direction of the linear regression. In effect, this gives a 'heads-up!' warning that price is weakening in its trajectory. As you see in the picture, the tab appears when price is no longer in agreement with the direction of the LinReg. The shadow is simply the outside border of the full line. Change the color and/or thickness of it to better see the line on light or dark charts.
The indicator will load with a relatively thick line, but everything is is adjustable. The period is set to 50, but I use 25 on my charts. Again, you'll decide how you want to use it.
As always, Mr. Phelps, should you or any of your team be caught or killed, the secretary will disavow any knowlege of your actions.
Then again, you can always get me at [email protected].
Please leave a comment. It's the only way I know if anyone finds this stuff useful. Thank you.
Category The Elite Circle
|
|
|
View Download Details