polynomialregression

Polynomial Regression Channel (RTX)

Polynomial Regression Channel (PRC) is an RTX Extension indicator that draws a best fit n-degree polynomial regression line through a recent period of data. Setup parameters for the indicator include the degree of the polynomial (1 - 6) and number of bars to analyze. Bands are drawn above and below the regression line between two user-specified multiples of standard deviation. The bands self adjust for volatility.