True Channel

True channel indicator builds the linear regression channel. The channel consists of the support/resistance line rays, as well as the averaging trend line.

Extra info displayed by the indicator

• support/resistance price for the current bar
• channel width
• channel slope
• current price position relative to the channel in %

Options

• Bars for calculation - number of bars for building the channel
• Price for calculation - price used for the channel borders construction (Close, High/Low and Open).