Least Square Channel 


As you select A to B, the program will draw a Least Square Line 'C' and the 2 channel line using the Number of Standard Deviations defined in the  Least Square Channel window. In this window you can also choose the color and thickness for the lines as well as the base for the calculation of the Least Square Line.
If you right click on the main line (C) a  menu will appear with the options to delete, edit or set an alarm for the channel.
The 3 possible alarms are.
1. Set the alarm to none.
2. Set it to go off on a bar that closes past the top or bottom channel lines.
3. Set it to go off on a bar that crosses the top or bottom channel lines.
Once the alarm is initiated it will be set to NONE automatically

 

When using the option AUTO o\from the 'Based on' menu the program will use the highs on a up trend center line and the low on a down trend center line.

* Trading any market carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. 

* The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading, and seek advice from an independent financial advisor if you have any doubts.

* The Views and opinions represented in the provided website links and resources are not controlled by the Referring Broker or the FCM.  Further, the Referring Broker and the FCM are not responsible for their availability, content, or delivery of services.

* You should be aware of all the risks associated with foreign exchange, futures, stocks, options, Cryptocurrencies trading, and seek advice from an independent financial advisor if you have any doubts. We do not offer any advise and trade using our software is at your own risk.

 

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Copyright 1996-2001 Fibonacci Trader Corporation. Last updated: January 07, 2015 .  All names mentioned in this document are trademarks or registered trademarks of their respective owners.