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Hello, and welcome to
NinjaTrader Indicator Warehouse.
Today we are going to cover the
Historical Regression Channel.
There is a whole trading school of thought built around
the linear regression trading.
What's great about this indicator is that it gives you
a deeper insight into the historical action of the
Regression Channel, thereby, enhancing your interpretation
of potential future direction.
The indicator automatically draws a Regression Channel of
the specified period and deviation size.
The Regression Channel automatically updates as you
scroll the prices forward or backward or as live data comes
into the chart, always keeping the Regression Channel flush
with the rightmost bar of the chart.
So let's have a look.
Here we are charting the future symbol of CL with a
10-range bar.
Let's have a look at the Indicator Settings.
I'm using the standard settings, deviation
of 2, period 35.
I've increased my lower line on the Regression Channel to
the standard color of blue, but that is customizable.
The middle line is gray, and my upper line is also blue set
to a width of two.
As you can see, being able to see the historical action of
the Regression Channel is key here, and that it really does
give you a deeper insight helping you with the potential
future direction.
Going backwards in your chart, this indicator hold the
historical information.
So you are able to see how price worked with this
Regression Channel and these settings that you've chosen--
forward and again, the live data.
With that, I want to thank you for joining us today, and
remember, whether you're day trading the E-mini S&P other
futures contracts, or the Forex.
Indicator Warehouse will help you get more profit from your
online trading and technical analysis efforts.
Thank you again for joining us.