Polynomial Price Channels is a great tool to show you the overall direction a price is heading for a specific duration of your choosing and this will allow you to see the big picture that many traders tend to ignore. This method of following the trend as soon as the price enters the channel can outperform in-and-out trading often performed by traders thinking they can guess when the market will turn.
What Is a Polynomial Regression (PRC) Indicator?
The word PRC stands for Polynomial Regression Channel. This is a regression indicator that is used on charts. A linear regression indicator draws a straight line of best fit on a chart. The PRC indicator applies the polynomial function to the linear regression functions to adapt itself to market flow.
How Does Polynomial Regression Work?
In statistics, polynomial regression is a form of regression analysis in which the relationship between the independent variable x and the dependent variable y is modelled as an nth degree polynomial in x. Simply put polynomial regression is an attempt to create a polynomial function that approximates a set of data points. With polynomial regression, the data is approximated using a polynomial function. A polynomial is a function that takes the form f( x ) = c0 + c1 x + c2 x2 ⋯ cn xn where n is the degree of the polynomial and c is a set of coefficients.
Read About Polynomial Regression on Wikipedia
Find Out How The Alerts Are Sent
What Kind of Alerts Are There?
This indicator has 4 different types of alerts to help the trader which is a simple pop-up message on your desktop to an Email, Telegram Bot and SMS text message. The last two provide instant messages so you get informed within seconds of the candle forming.
HOW TO CONFIGURE AND SET-UP YOUR ALERTS
We provide full support and educational material to help you set-up your email, telegram bot and SMS text message accounts so you can start receiving your alerts as soon as possible. There is also a free tool you can use to test that your settings are correct and to help you if you need it.
POP-UP WINDOW MESSAGE
This indicator will also display the classic pop-up window when an alert occurs.
Adjustable Settings Explained
It is very important that you learn how to adjust the settings of this product.
Learn How To Adjust the Settings
How to Automatically Trade Using PRC Channels?
If you wish to run a semi-automated trading robot that will trade for you when the price reaches the PRC channels just visit the link below.
How to Open Positions Using a Trading Robot
Watch a Video Demonstration
The video has been uploaded to 1080p High Quality, so do not forget to set your U-Tube video quality to 1080p HD.
How To Install
First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install onto the platform.
Join Telegram Community
You can join a Telegram community and chat with other traders to discuss, share and ask for help.