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Could you please explain what you call standard regression?

I only know the term "Standard Regression" in the context of the Capital Asset Pricing Model, which would be a special case of linear regression applied to protfolio returns. Otherwise I do not know the term.

What I assume is that eSignal has two ways of calculating the regression channel

(a) calculate the linear regression line and plot it, then add and subtract a multiple of the standard deviation to draw the channel
(b) calculate the linear regression line and plot it, then draw the lines in such a way that the resulting channel connects
to the price bars, without cutting into them

In case (b) the trend channel is constructed by using the maximum of the vertical distances of the highs from the regression line to draw the upper channel line, and the minimum of the vertical distances of the lows from the regression line to draw the lower channel line. The channels will be typically asymmetrical.

Is that what you look for? Replacing the standard deviation with a Max/Min approach?

The following user says Thank You to Fat Tails for this post:

OK, that can be coded as an additional option. It is not difficult as you would just add another formula as an alternative. I do not have the time to do it this week though.

The following user says Thank You to Fat Tails for this post: