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Of course. Here is the English translation of the provided text about Linear Regression Channels.
***
**1. Basic Components of the Linear Regression Channel**
The Linear Regression Channel consists of five parts: the regression line, the upper and lower channel lines, the regression confirmation zone, and the regression forecast zone.
* The **regression line** forms the central axis, created through the linear regression analysis of stock prices.
* The **upper and lower channel lines** indicate the support and resistance levels of the stock price.
* The **confirmation zone** and **forecast zone** are used to determine the start/end distance for analysis and to estimate the future price range, respectively.
**2. How to Draw the Linear Regression Channel**
* Determine two anchor points to define the scope of the time period.
* Within this range, draw a line segment—the regression line—that minimizes the sum of the squared lengths of the perpendicular distances from all price points to the line.
* Draw two lines parallel to the regression line, one passing through the highest price and the other through the lowest price within the selected period, forming the linear regression channel.
* Extend these three parallel lines to the right, typically as dashed lines, to form the complete Linear Regression Channel.
**3. Application Principles of the Linear Regression Channel**
* The length of the regression channel, once determined by the two anchor points, should not be changed arbitrarily. However, when the trend line changes significantly, the channel needs to be redrawn.
* In an **uptrend**:
* When the price breaks above the upper channel line, it is expected to surge and then pull back.
* When the price falls back to the regression line, it is expected to find support and bounce.
* When the price breaks below the regression line, it is a sell signal.
* When the price breaks below the lower channel line, it is a stop-loss signal.
* In a **downtrend**, the application principles are the opposite of those in an uptrend.
***
**1. Basic Components of the Linear Regression Channel**
The Linear Regression Channel consists of five parts: the regression line, the upper and lower channel lines, the regression confirmation zone, and the regression forecast zone.
* The **regression line** forms the central axis, created through the linear regression analysis of stock prices.
* The **upper and lower channel lines** indicate the support and resistance levels of the stock price.
* The **confirmation zone** and **forecast zone** are used to determine the start/end distance for analysis and to estimate the future price range, respectively.
**2. How to Draw the Linear Regression Channel**
* Determine two anchor points to define the scope of the time period.
* Within this range, draw a line segment—the regression line—that minimizes the sum of the squared lengths of the perpendicular distances from all price points to the line.
* Draw two lines parallel to the regression line, one passing through the highest price and the other through the lowest price within the selected period, forming the linear regression channel.
* Extend these three parallel lines to the right, typically as dashed lines, to form the complete Linear Regression Channel.
**3. Application Principles of the Linear Regression Channel**
* The length of the regression channel, once determined by the two anchor points, should not be changed arbitrarily. However, when the trend line changes significantly, the channel needs to be redrawn.
* In an **uptrend**:
* When the price breaks above the upper channel line, it is expected to surge and then pull back.
* When the price falls back to the regression line, it is expected to find support and bounce.
* When the price breaks below the regression line, it is a sell signal.
* When the price breaks below the lower channel line, it is a stop-loss signal.
* In a **downtrend**, the application principles are the opposite of those in an uptrend.
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作者的说明
Of course. Here is the English translation of the provided text about Linear Regression Channels.
***
**1. Basic Components of the Linear Regression Channel**
The Linear Regression Channel consists of five parts: the regression line, the upper and lowe
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系wz628262。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
Of course. Here is the English translation of the provided text about Linear Regression Channels.
***
**1. Basic Components of the Linear Regression Channel**
The Linear Regression Channel consists of five parts: the regression line, the upper and lowe
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。