Regression Line Beeta Channel and Triangle

This indicator displays the Regression Line, Moving Average, Regression Channel and Triangle movements.

Parameters

• p: Amount of bars for the Regression Line calculation.
• m: Regression Line degree (changes from 1 to 8)
• mn: Regression Channel degree (changes from 1 to 8)
• MaPeriod: Moving Average period.
• MaMethod: Moving Average Method.
• MaPrice: Moving Average Price.
• RegLinePrice: Regression Line Price.
• bars: Color bars true.
• Triangle: Triangle true.
• Channel: Regression Channel true.

How to understand the status:

• If the regression line is greater than Moving Average line bars color green,trend up.
• If the regression line is less than Moving Average line bars color red,trend down.