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Standard Deviation Channel (Upper) Indicator

The Standard Deviation Channel consists of two lines that run parallel to the Linear Regression Trendline, one above and one below.  The specified number of standard deviations is used to determine the distance of the lines from the trendline.  A trend turn is expected if the prices stay outside the channel for a longer than usual.

See Also

Standard Deviation Channel (Upper) Developer Help

Standard Deviation

Standard Deviation Channel (Lower)

Linear Regression Trendline