Linear Regression Channels:
One thing used by most traders who like reversal trades is the linear regression indicators. The one displayed here is very modest, with some dots to make you aware of the high and low extended deviations. Simple additions like this to classic indicators can make them slightly more intuitive to use, and some traders will need more alerts on the screen than others, so we include an input switch to turn things off. Thinkorswim offers a wide variety of graphical alerts on their charts, making them a top pick for visual based traders. SCRIPTaCHART specializes in customizing TOS charts to look how our clients want to see them as they trade.
One thing used by most traders who like reversal trades is the linear regression indicators. The one displayed here is very modest, with some dots to make you aware of the high and low extended deviations. Simple additions like this to classic indicators can make them slightly more intuitive to use, and some traders will need more alerts on the screen than others, so we include an input switch to turn things off. Thinkorswim offers a wide variety of graphical alerts on their charts, making them a top pick for visual based traders. SCRIPTaCHART specializes in customizing TOS charts to look how our clients want to see them as they trade.
