## Linear Regression Channel

Also developed by Gilbert Raff, the **Linear Regression Channel** is similar to the Raff Regression Channel, creating a channel around a central Regression Line.

However, unlike the **Raff Regression Channel** where channel lines are positioned equidistant from the **Regression Line**, the **Linear Regression Channel** plots each parallel channel line individually by identifying the furthest data point on either side of the **Regression Line**. The parallel upper and lower channel lines are then plotted to pass through the furthest high and the furthest low respectively on either side of the regression line.

#### Position and Edit

##### Regression Line

Create the central regression line by selecting the date the regression line is to be calculated from using one left mouse click, then move the cursor to the date of the regression line's end point, and click a second time.

The price level at which the clicks occur does not matter. The software uses a mathematical formula to calculate a gradient using the values of the price data type for each trading interval between the selected dates. The default data type is **Close**.

For more information on the line's method of calculation and display, go to the Regression Line topic.

#### Properties and Format

There are a number of properties that can be adjusted by the user in the **Linear Regression Channel Properties** dialog box.

Double left mouse click on the lines to open the **Properties** dialog box, alternatively, single right mouse click to open the pop-up menu, see below, and select its first command - **Properties**.

The **Properties** dialog boxes of all **Channel** drawing tools share a number of features and controls. These common elements are described and explained in Common Settings for Regression Lines and Channels topic.

#### Pop-up Menu

The pop-up menu (single right mouse click) for **Linear Regression Channel** has the standard links: **Properties, Cut, Copy, Delete, Lock** and **Help**.

In addition to the standard links, it includes the **Parallel Trendline** command. Click this to create a parallel line.

**Note** - This function will create one parallel trendline, __not__ a duplicate set of parallel **Linear Regression** lines.

The resulting line is not a Regression line and will not have regression line functionality, when you move or resize the new line it will adhere to standard trendline functionality.

## Related

- Drawing Tools
- Access Panel
- Tool Palette
- Tools on Line Tab
- Andrews Pitchfork
- Arrowline
- Circle
- Cursor
- Fibonacci Retracement
- Horizontal Line
- Option Scanner
- Price Target
- Range Projector
- Rectangle
- Regression Line
- Risk to Reward
- Text
- Trendline
- Triangle
- Tubbs 2 Point Swing Rule
- Tubbs 3 Point Swing Rule
- Tubbs Law of Proportion
- Tubbs Oblique Line
- Vertical Line
- Wave Extension
- Tools on Gann Tab
- ABC Pressure Points
- Balance Time Tool
- Calendar Bar Count
- Gann Angle
- Gann Emblem
- Gann Fan
- Gann Line
- Tools on Gann2 Tab
- About Gann Boxes and Squares
- Gann Square Properties
- 144 Gann Square
- 168 Gann Square
- 458 Gann Square
- 52 Gann Square
- Gann Box
- Gann Square
- Preset Gann Square
- Range Square
- Square of High/Low
- Square of Nine
- Square of the Range
- Tools on Channel Tab
- About Regression Lines and Channels
- Price Percentage Channel
- Raff Regression Channel
- Regression Percentage Channel
- Standard Deviation Channel
- Common Tool Behavior
- Lock / Unlock
- Select a Tool
- Extend Lines
- Parallel Lines
- Common Tool Functionality
- Appearance
- Default Settings

## Comments