Enhancing the Raff Regression Channel by Robert B. McKinnon
ARTICLE SYNOPSIS ...A market follows its primary trend in a zigzag form. The trend direction is easy to see; the real challenge lies in identifying the minor trends.
Price channels are a technique
used to discover the outer
boundaries of the market's action
concerning a trend. One
simple method is to draw a
trendline along the lows and a
parallel line along the highs
and project both lines forward.
A more scientific method is
the regression channel, which
was introduced by Gilbert Raff
in the October 1991 STOCKS &
COMMODITIES. The regression channel defines the primary
trend by using a linear regression line wi...