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Raff Regression Channel Tool

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The Raff Regression Channel was developed by Gilbert Raff. It features a linear regression line through the data with evenly spaced trend lines to create a trend channel.

Identify a Raff Regression Channel by selecting the Raff Regression Channel tool icon from your Charting toolbar. The tool Icon looks like 3 parallel lines rising with a R in the top left corner. Position the mouse pointer where you would like to start the channel and click. Move to where you would like to end the channel and click there.

Resizing the Raff Regression Channel

Select the channel by clicking on it. You will know the channel is selected when boxes appear at the ends of the middle/regression line. Click on a box and drag it to your desired location. Release the mouse button to place.

Moving the Raff Regression Channel

Select the channel by clicking on it. Drag to the new location and release the mouse button to place.

Deleting the Raff Regression Channel

Select the channel by clicking on it. Press the Del (Delete) key on your keyboard. You can also right-click the channel and select "Delete" from the dropdown menu.

 

Preferences

Select the channel by clicking on it. The properties will appear in the preferences section of your control panel.

Restore Settings: These are buttons that show above the following image. TNT Default will change your settings back to the original software settings. My Default will change current settings to your personalized default settings. Apply To All Charts will apply your selected settings on all open charts. Save As My Default will save your current personal settings.

Lines: This tool is a channel with extension lines therefore there are settings for each line. However the line thickness and style is shared with the uper and lower lines

Line Extensions: There is a checkbox to enable line extensions and a spinner box to select the number of bars they are supposed to be extended beyond the edge of the tool. There options for the extension line coloring, thickness, and style.

Background: Here the background can be disabled and the color changed.

Calculation: There are two types of calculations for the tool. Normal option is to put the upper and lower channel line on the maximum point away from the linear regression line (middle line). 2 Std Deviation option is to put the upper and lower channel lines 2 standard deviations away from the linear regression line (middle line).