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regression trend channel value

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  • eSignal_EricL
    replied
    Standard Error

    This version of the Linear Regression study has the Standard Error parameter coded in it.
    Last edited by eSignal_EricL; 06-22-2011, 12:47 PM.

    Leave a comment:


  • niki21
    replied
    This lines draw the "Regresion Trend Channel" on the chart.

    ===============

    function main() {

    setPriceStudy(true);

    vLinReg = new addLineTool( LineTool.REGRESSION, -27, 0, 1, Color.blue, "reg1" );

    }
    ==============

    I have to draw them at 16:30 to 23:00 yesterday.
    I also want that the lines will attract the next trading day.
    And when the cursor is on the candle, the rate of the channel appears in the cursor window.

    I saw that it could be done by :

    vLinReg = new LinearRegressionStudy(Source, Length, StdDev);

    But the channel is not identical

    I would appreciate very much anyone who will help.

    Leave a comment:


  • ronhicks
    replied
    I'm also seeking this answer. I've tried to get the Linear Regression Basic Study to match the lines of the RTC. I can get it to match when I click on the option: Use Standard Error instead of Standard Deviation, the outer channels line up, using a StdDev=2. However, the EFS Linear Regression study doesn't have this option. Does anybody know how I can create my own Linear Regression that has the option of Use Standard Error instead of Standard Deviation, ie. what is the calculation?

    My approach will be:
    Manually evaluate a chart to see if it follows the rules for a Type1 or FBS trade, manually draw a RTC, pass to a EFS that starting and ending bar date/time data points, have the EFS draw a Linear Regression to verify it lines up with the RTC, then code an alert within the EFS when the price breaks or closes outside the RTC channel.

    Leave a comment:


  • niki21
    started a topic regression trend channel value

    regression trend channel value

    Hi.

    I drew a regression trend channel on the chart.
    How can I display its value that will be in the next 2 or 5 bars
    in text box on the chart ?

    tnx.
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