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pantits  
#1 Posted : Monday, January 09, 2006 2:27:30 PM(UTC)
pantits

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In metastock help there is a formula called “Standard Deviation Channel”

But although there is an Interpretation for this formula, there is no indicator! :oops:

Does someone know where I can find it? #-o
Jose  
#2 Posted : Monday, January 09, 2006 4:58:27 PM(UTC)
Jose

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Try the [url="http://www.metastocktools.com/MetaStock/LinRegTrend.txt]LinReg Trendline[/url] indicator from [url="http://www.metastocktools.com/#metastock]MetaStockTools.com[/url]:
"Linear Regression Trendline with Standard Deviation/Error Channels/Bands, date-adjustable."


jose '-)
pantits  
#3 Posted : Saturday, January 14, 2006 6:45:07 AM(UTC)
pantits

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Thank you very much Jose, but is not what I mend :oops:

I probably didn’t express it well. :?

In a sample of prices, if we have a normal distribution and the standard deviation is 1, this means that contains the 67% of the prices. If the standard deviation is 2, this means that contains the 95% of the prices. If the standard deviation is 3, this will contain the 99% of the prices.

I want an indicator, like bollinger bands, who will separate the prices (of rsi for example). If I put standard deviation 2, I will like to separate about the 95% of most common prices and the about 5% of the most extreme prices.
I don’t think is the fair to indicate the oversold prices of rsi if are above 70 or any other stable digit.
Some stocks find 70 very often and some others very rare or not at all.

I hope with this indicator that I ask, find the really extreme lever for each stock. :twisted:


If the is an other indicator which saws us if we have a normal distribution or not it is welcome too =D>
Jose  
#4 Posted : Saturday, January 14, 2006 11:43:51 AM(UTC)
Jose

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Sounds to me like you're after Bollinger bands.


jose '-)
pantits  
#5 Posted : Saturday, January 14, 2006 12:06:03 PM(UTC)
pantits

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:omg: :mrgnr:
OnWordGo  
#6 Posted : Friday, February 16, 2007 5:34:27 PM(UTC)
OnWordGo

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Hi PANTITS,

I don't know if I've interpreted your desire correctly, but it sounds like you wish to adjust the RSI indicator based on a volatility type indications, such as Standard Deviations. If I'm wrong I apologize for wasting your time, but Equis' best formula-writer wrote a Trader's Tip for an article in Stocks & Commodities Magazine some time back. I was able to find it by searching the magazine's web site. Here's the link:

http://www.traders.com/Documentation/FEEDbk_docs/Archive/022006/TradersTips/TradersTips.html#metastock

Hope this helps.

As you're appear to be interested in channels, you may wish to visit by Blog:

http://channelchallenges.blogspot.com/2007_01_01_archive.html

OnWordGo

wabbit  
#7 Posted : Friday, February 16, 2007 9:56:15 PM(UTC)
wabbit

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Hi pantits,

Maybe you are looing for something akin to this?

http://forum.equis.com/forums/thread/13897.aspx
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