This indicator plot on price chart 11 oscillators, placing them in the polynomial regression channel. In the interface you can set the periods of each oscillator, select different colors to customize and optimize the graphics, and select the order of the polynomial that forms the channel, being able to use it as a simple channel to view the market trend.

Oscillators applied to the regression polynomial channel

SETTING INTERFACE:

1. NmbrBars: Number of bars of the channel
2. PolynomialOrder: Polynomial order
3. Oscillator: From 1 to 11 to select type of oscillator
4. Discance: To move on the right data texts
5. RSIp: Period of Relative strenght index
6. CCIp: Period of Commodity channel index
7. ROCp: Period of Rate of Change
8. STOk: Period of stocasthic
9. STOks: Period of moving average %K
10. STOds: Period of moving average %D
11. MACDfp: Period exponential average 1
12. MACDsp: Period exponential average 2
13. MACDsig: Period of signal
14. MOMp: Period of Momentum
15. ADXp: Period of ADX
16. TRIXp: Period of TRIX
17. TRIXpa: Period moving average
18. WILp: Period of William%
19. UNIb: Period of Bandedge
20. UNIn: Period of Noise
21. SMIp: Period of SMI
22. SMI1: Period of fast exponential average
23. SMI2: Period of slow exponential average
24. SMIs: Period of signal
25. lineR: Red color for channel lines
26. lineG: Green color for channel lines
27. lineB: Blue color for channel lines
28. OscR: Red color for oscillator lines
29. OscG: Green color for oscillator lines
30. OscB: Blue color for oscillator lines
31. DataR: Red color for data texts
32. DataG: Green color for data texts
33. DataB: Blue color for data texts
34. View: Colors for universal channel
35. Alpha: Trasparency of lines

USE IT AS A DYNAMIC CHANNEL:

In this example the indicator is applied 3 times on the chart, the historical period has three values. In images 2 and 3 the period of the polynomial varies.

HOW TO ADD INDICATOR ON PRICE CHART:

HOW TO SET SCALE OF PRICECHART:

How can “Oscillator channel “helps you?

You can finally compare the movements of the oscillator with the price

With just 1 indicator you can quickly view the status of different oscillators without having to keep them under the chart.

You can easily see any kind of divergence overlaid on the price.

You can use the channel and linear regression to evaluate the possibility of price reversal towards the center of gravity (center line of the channel)