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Could you please provide some reference/URLs for this indicator? I'd like to know ideas behind the scene, so I can understand if it fits into my Holy Grail Sketch.
if you want to use the regression channel is simple quite for calculation.
use only on time charts like 5, 30, 240 min and so.
if you will trade it is a great tool. i have do this but you need time, and i havnt it.
For Example you will use it on 5 min chart for lookback 1 day
simple math (60 min / 24 h) = 1440 is main variable
a = 1440
b = 5 TimeFrame of Chart
1440/ 5 = 288 bars back
For Example you will use it on 30 min chart to lookback a week --> 5 days
1440*5 / 30 = 240 bars back and so on.
but i trade on forex you on es also is not 24h --> 8 h your main variable
WH, the real question is: how use it.
Go short when the bar get far away from the top of the channel ? Go Long when the price break the south line ?
Hum, in both cases, it's 50/50...
