But we need a modification to really understand the power of the tool. I would be happy to code this, but may need a bit of help.
The regression is meant to be used from a "Pivot point to another pivot point", or from the top of a swing to the bottom of the swing. Using it over the last # of bars is pretty useless in my theory.... but maybe not others.
So, we need to use the same ideal of 2 SD, using the price data of the underlying series. But you need to be able to pick the bars to start and END the calculations... Then we can add the real cool stuff, like adding "HiLo" flip and colours and identifiers.
But - I need to be able to pick the beginning and end days to do the calcs. So the question beckons...
Who has any drawable indicator with an onscreen button that I can steal the code and modify to create these plots.
I am happy to share the end indicator / program with any and everyone. i will even do a quick video on how to use it.
Enjoy
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