Technical Analysis of STOCKS & COMMODITIES
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DownloadEnhancing 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...
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