Raff Channel

The Raff Channel indicator for NT8

The Raff Channel was developed Gilbert Raff and is calculated using the close prices in the lookback period. The symmetrical channel width is based on the high / low furthest removed from the linear regression line, as opposed to a standard deviation.

Indicator Description

If prices rise within the Raff Channel, the trend is up and conversely, for scenarios where prices decreasing, we have a down trend.

As with all other regression channels, the Raff Channel is a repainting indicator. Specifically, the channel is retrofitted to the selected lookback period. One may observe the repainting behavior by scrolling horizontally. The indicator comes with the option to show the Raff Bands that trace the regression channel without repainting any prior bars.

The indicator is available for NinjaTrader 8.