Rank: Newbie
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Joined: 5/25/2005(UTC)
Posts: 8
Location: Southbury, CT
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I currenlty use the FO in my Metastock layout. I'd like to replicate it in my eSignal chart as well. Does anyone have the code for eSignal? If not alreay in eSignal format, can someone provide me the code used by Metastock?
Thank you in advance for any help.
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 7/25/2005(UTC)
Posts: 1,042
Was thanked: 57 time(s) in 54 post(s)
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Hi uhehs
Simulating any Linear Regression based indicator in MetaStock with the Metastock Formula Language produces a somewhat less than 100% accurate result, and this is particularly so when more than 1000-2000 data bars are loaded. Problems occur partly because all MS simulations, that I've seen at least, use the Cum() function, and this can generate huge numbers way beyond MetaStock's ability to adequately keep track of. Having said that, it's still possible to achieve results that are sufficiently accurate if appropriate techniques are used.
If eSignal has the Linear Regression and Linear Regression Slope functions then you should be able to create a very accurate Forecaset Oscillator as set out below.
Time Series Forecast = Linear Regression + Linear Regression
Forecast Oscillator = 100 * (Close - Previous Time Series Forecast) / Close
Roy
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