The BIG problem with linear channels is that, LIVE they are no where near as helpful as they appear to be in hindsight. The easiest way to understand their weakness is to scroll back a bit and mark out where you think the good entries would have been based on what you see in the channels (even using a stoch). Then turn on replay mode and as you come to the places you marked out, ask yourself if you really would have been persuaded to enter based on a live feed. Very often you wouldn't have. I've tried to find a consistently profitable strategy based on regression channels, but haven't been able to do so, and certainly not as consistent or profitable as other strategies. I'm always open to learning more though! If you come across one, I'd love to see you demonstrate live. Anyways, thanks for the videos! You're one of the few channels of this sort that I follow (and I've tried just about all of them). Keep it up!
@@SoheilPKO 100% I'm not trying to troll or hate or anything. Just nothing my experience (and frustration) with linear regressions. FWIW, another thing folks can do to better understand them is use the channel tool on tradingview to mark the exact channels in hindsight, then use the replay tool to see how live drawings compare. Seeing this over and over can help people get a good idea of how they tend to develop, and perhaps better understand how to trade with the indicators. :) As others have noted, by using candlestock patterns, support and resistance, etc. Again though, none of this is an attack or anything. Just conversing. :)
Just look for hammer candle at the lower or higher range line of this indicator (hammer in lower line, inverted hammer/ hanging man at higher line) or aa engulfing.. that's all. Scalping done ❤️
Thanks for the video. My question is: once a trend channel is violated, how does on draw the next channel as we only have one or two datapoints? Once we have enough observations, the next channel can be drawn but how do you do it just when a channel is broken?
@@SoheilPKO I'm playing with 1.5 instead of 2. i do like how the different channels show loss of slope/momentum and turning action albeit in ranges, near key levels.
Great explanation 👍🏻 Can you still apply pattern analysis eg (double top etc.. ) to the prices within the channel, and at what time frame would be the best for that?
Yes you can apply pattern analysis, and finding their confluence can provide you good trading opportunities. Choosing time frame depends on your trading style, generally patterns are more reliable on higher time frames.
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The BIG problem with linear channels is that, LIVE they are no where near as helpful as they appear to be in hindsight. The easiest way to understand their weakness is to scroll back a bit and mark out where you think the good entries would have been based on what you see in the channels (even using a stoch). Then turn on replay mode and as you come to the places you marked out, ask yourself if you really would have been persuaded to enter based on a live feed. Very often you wouldn't have.
I've tried to find a consistently profitable strategy based on regression channels, but haven't been able to do so, and certainly not as consistent or profitable as other strategies. I'm always open to learning more though! If you come across one, I'd love to see you demonstrate live. Anyways, thanks for the videos! You're one of the few channels of this sort that I follow (and I've tried just about all of them). Keep it up!
Thanks for the tip.
And as I said in the video, it should be used just as a guide to direction and changes in the direction.
@@SoheilPKO 100% I'm not trying to troll or hate or anything. Just nothing my experience (and frustration) with linear regressions.
FWIW, another thing folks can do to better understand them is use the channel tool on tradingview to mark the exact channels in hindsight, then use the replay tool to see how live drawings compare. Seeing this over and over can help people get a good idea of how they tend to develop, and perhaps better understand how to trade with the indicators. :) As others have noted, by using candlestock patterns, support and resistance, etc.
Again though, none of this is an attack or anything. Just conversing. :)
Use it with price action and it’s very useful. Can’t just relay on the this indicator
try in lower time frame like 1 minutes or 3 minutes
Just look for hammer candle at the lower or higher range line of this indicator (hammer in lower line, inverted hammer/ hanging man at higher line) or aa engulfing.. that's all. Scalping done ❤️
Great 👍
pradip bhai kesa hai .. you are intellegent
inverted hammer/hanging man how ??? i think shooting star and hanging man on upper side .... hammer and inverted hammer on lower side ? am i right
@Pradip Speaks
A hammer can still lead to the Continuation of a strong down trend without touching the upper line of the regression channel.
@@emmanuelokenwa3872 of course. Candlestick is subjective.
Amazing tool very clear exactly what i was looking for
Glad you liked it
Thank you for sharing such amazing and usefull indicators like this one.
You're so welcome
Thanks. It is a pain to identify so many channels but this indicator is really useful
You are most welcome
Thanks for the video. My question is: once a trend channel is violated, how does on draw the next channel as we only have one or two datapoints? Once we have enough observations, the next channel can be drawn but how do you do it just when a channel is broken?
You must wait until two data points are formed so that you can draw it.
Very good trick, thanks
You're welcome!
May be very helpful. Thank you. Will play with it on Trading View replay.
Great
@@SoheilPKO I'm playing with 1.5 instead of 2. i do like how the different channels show loss of slope/momentum and turning action albeit in ranges, near key levels.
Awesome 🙏 this is great
Thank you
curious why you never suggest the elliot wave oscillator in your videos, which are amazing and so very helpful !
I'll make a video on this soon.
@@SoheilPKO thank you
Thank you sir, great job !
You are welcome!
Great explanation 👍🏻
Can you still apply pattern analysis eg (double top etc.. ) to the prices within the channel, and at what time frame would be the best for that?
Yes you can apply pattern analysis, and finding their confluence can provide you good trading opportunities. Choosing time frame depends on your trading style, generally patterns are more reliable on higher time frames.
Love your ideas 😍- thanks for all your efforts!!!
You are so welcome!
Luv u bro Allah blessed you
Thank you 🙏
very informative thanxxx
Most welcome
This channel rebuilds after every price action, the width of channel is not certain
This is great.
Glad you enjoyed 👍
can we use this to 5minute time frame or 15 minute or 30 minute or 1 hour ?
Yes you can use this indicator on any time frame.
Does it repaints or gives late signals ?
This is for identifying trend channels, not trading signals.
Thank you
You're welcome
Awesome 😎👍
Thanks for the visit
Awesome 👍
Glad you liked it.
BB?😊
Best for binary algo trading
👍
awsome!!!!
Glad you enjoyed.