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Standard Error Channel (Lower) Indicator

The Standard Error Channel indicator consists of two lines.  These lines are based on the number of standard error calcuations above and below the Linear Regression Trendline.  Use the channels to determine if the price has moved into "extreme" territories.  Like most bands, extreme price movements mean that the price has penetrated the upper or lower band.  If the price has moved outside of the bands, use other indicators to determine if a reversal is imminent.

See Also

Standard Error Channel (Lower) Developer Help

Standard Error

Standard Error Channel (Upper)

Linear Regression Trendline