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Joined: 4/15/2006(UTC)
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Equis was very helpful in coding this formula for an adjusting linear regression channel fixed to the last bar of the chart. time:=Input("number of periods",2,200,55); end:=LastValue(Cum(1));
pt:=LastValue(LinearReg(C,time)); slope:=LastValue(LinRegSlope(C,time));
start:=BarsSince(Cum(1)>=end-(time-1));
center:=If(start=0,pt - (slope*(end-Cum(1))),0); topdis:=
LastValue(HHV(H-center,time)); botdis:= LastValue(HHV(center-L,time));
dis:=Max(topdis,botdis);
center+dis;
center;
center-dis
I am looking for formula similar (.618 and .809) adjusting standard deviation channel fixed to last bar of the chart. Thanks in advance, Gary.
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 1/19/2005(UTC)
Posts: 1,065
Location: Koh Pha-Ngan, Earth
Was thanked: 2 time(s) in 2 post(s)
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Gary, take a look at the LinReg Trendline indicator from MetaStockTools.com:
"Linear Regression Trendline with Standard Deviation/Error Channels/Bands, date-adjustable"
jose '-)
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Rank: Newbie
Groups: Registered, Registered Users, Subscribers
Joined: 4/15/2006(UTC)
Posts: 2
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Jose, I appreciate your help. I have it plotted on a chart and it appears to be what I was looking for.Thanks again, Gary.
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Rank: Newbie
Groups: Registered, Registered Users
Joined: 2/14/2007(UTC)
Posts: 2
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Jose,
I saw this post and several others of yours on the forum, and I did jump to MetaStockTools.com and copied your formulas. Put them into MetaStock and played with them some. I find the channel formula the most interesting, since I do a lot of channel work myself. In fact, that's why I'm writing.
You're formula skills might lead to collaboration for a project I have in mind. From some comments I've seen in posts here I got the impression you may also know how to right external DLLs for use by MetaStock. Is that correct?
I've recently started a Blog on my work with Enhanced Raff Regression Channels, and what I call TeamWork Channels. I'd be pleased if you'd take a look at my Blog.
http://channelchallenges.blogspot.com/2007_01_01_archive.html
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 1/19/2005(UTC)
Posts: 1,065
Location: Koh Pha-Ngan, Earth
Was thanked: 2 time(s) in 2 post(s)
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Robert, It's my experience that most channels (including MetaStock's Raff Regression Channel) are drawn in hindsight, and are thus dynamic and not useful for real-time trading (is there any other kind?).
Furthermore, due to very busy work schedule I'm not able to enter into any major non-client projects.
For these two reasons above I'm forced to decline your kind offer, but nevertheless would be interested in any posts regarding non-dynamic channels.
jose '-)
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