The True channel indicator plots the linear regression channel. The channel consists of two lines of support and resistance, as well as the averaging trend line.
Additional information in the indicator
- support and resistance price for the current bar
- channel width
- channel inclination
- position of the channel price relative to the channel in percent
Settings
- Bars for calculation - the number of bars to plot the channel
- Price for calculation - the price for plotting the channel boundaries (Close, High/Low, Open).
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