linear regression breakout.efs

[dirtypoolman2]

is there any way to modify this efs so that it will alert if the price goes above a standard deviation line above or below the actual regression?

thanks

[eSignal_JasonK]

Hello dirtypoolman2,

Please post a copy of the formula and I'll take a look.

[dirtypoolman2]

efs for Jason

Jason:

It's a copy of the code found in the program itself, listed below. Repeating, I'm looking for the routine to alert me when the price trades above a standard deviation line above or below the regression line.

Thanks

//{{EFSWizard_Description
//
// Fires an alert when the price moves below or higher the lower or upper Linear Regression lines.
//
//}}EFSWizard_Description 7532


//{{EFSWizard_Declarations

var vLinReg20 = new LinearRegressionStudy("Close", 20, 1);
var vLastAlert = -1;

//}}EFSWizard_Declarations 10369


/**
* This function is called only once, before any of the bars are loaded.
* Place any study or EFS configuration commands here.
*/
function preMain() {
//{{EFSWizard_PreMain
setPriceStudy(true);
setStudyTitle("Linear Regression Breakout");
//}}EFSWizard_PreMain 8010
}

/**
* The main() function is called once per bar on all previous bars, once per
* each incoming completed bar, and if you don't have 'setComputeOnClose(true)'
* in your preMain(), it is also called on every tick.
*/
function main() {

//{{EFSWizard_Expressions
//{{EFSWizard_Expression_1
if (
close() < vLinReg20.getValue(LinearRegressionStudy.LOWER)
) onAction1()
//}}EFSWizard_Expression_1 10497

//{{EFSWizard_Expression_2
else if (
close() > vLinReg20.getValue(LinearRegressionStudy.UPPER)
) onAction2();
//}}EFSWizard_Expression_2 13076

//}}EFSWizard_Expressions 48125

//{{EFSWizard_Return
return null;
//}}EFSWizard_Return 2256
}

//{{EFSWizard_Actions
//{{EFSWizard_Action_1
function onAction1() {
if (vLastAlert != 1) Alert.addToList(getSymbol(), "Price below lower Linear Regression line", Color.RGB(0,0,0), Color.RGB(195,0,0));
vLastAlert = 1;
}
//}}EFSWizard_Action_1 19787

//{{EFSWizard_Action_2
function onAction2() {
if (vLastAlert != 2) Alert.addToList(getSymbol(), "Price above upper Linear Regression line.", Color.RGB(0,0,0), Color.RGB(0,0,255));
vLastAlert = 2;
}
//}}EFSWizard_Action_2 18830

//}}EFSWizard_Actions 59627

[dloomis]

Sorry I can't be more help, but perhaps this thread has some ideas for you.

http://forum.esignalcentral.com/showthread.php?s=&threadid=956&highlight=standard+deviation

[eSignal_JasonK]

Hello dirtypoolman2,

Did you find what you needed in the post David pointed you to?

[dirtypoolman2]

Jason,

Yes I did, and thanks to both you and David for your assistance. You have a great resource here.