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# Linear Regression Channel indicator Pro version for NinjaTrader 8

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In statistics, linear regression is a linear approach for modelling the relationship between a scalar dependent variable y and one or more explanatory variables denoted X. The case of one explanatory variable is called simple linear regression. Wikipedia

Linear Regression Channel (LRC) is a very useful tool in trend analysis, especially for long term trend.

This Linear Regression Channel Pro version (LRC Pro) indicator has the following features:

• Adjust the number of bars (Period input) used in the calculation of Linear Regression Channel.
• Adjust the width of three channels with different values.
• Adjust the number of bars to extend to the right side, 0 means no extension.

It works on the following bar types:

If you used the Linear Regression Channel indicator before, you must know that the trend lines are not fixed. That trend is determined by calculating a Linear Regression Trend line using the least squares method.

With different 'Period' input value, the Linear Regression Trend lines vary greatly, let see an example of how LRC changes over time.

The chart below is taken from 1/26 with 'Period' =275, the Close price is above the 3rd upper trend line.

The chart below is taken from 2/5 with 'Period' =150, the Close price on 1/26 is still above the 3rd upper trend line, but the three Highs before 1/26 are within the trend line now.

The Low on 2/5 is below the 3rd lower trend line.

The chart below is taken from 2/5 with 'Period' =275, the Close price on 1/26 is still above the 3rd upper trend line, The Low on 2/5 is above the 3rd lower trendline.

The images below are random screenshots.

You can also use more than one instance with different inputs.

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