5 linear regression curves and new highs/lows mixed together from the basis for this indicator. Using slightly different logic an upper boundary and lower boundary are formed. Then the boundary's are built upon to show price channels within the band using variations of fib levels and the distance between the initial boundary's. Dots plotted show the inverse of the...
This is part 11 of 11 in the system named Ninetales/Volt V2 you can find on Tradingview.
It will plot local support and resistance in red and green, then override them with blue when they are active as support, and orange when they are active as resistance.
It's just getting swing highs and plotting for the actual support/resists, the blue and orange come into...
A good indicator for TA based on a smoothed Linear Regression and displayed in two ways, as histogram and as a crossover lines
The histogram shows a better view of the trend
The lines confirms the trend when the crossover is happening
Alerts are added
Enjoy!
@ Zekis