Rank: Advanced Member
Groups: Registered, Registered Users, Unverified Users Joined: 9/18/2008(UTC) Posts: 37
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is it possible to plot in metastock Polynomial Regression lines of different degrees? is there a formula? or are this indicator inside any add on ? thank you
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 11/9/2012(UTC) Posts: 169
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There are 3 indicators related to this that may provide what you need: Linear Regression Slope, Linear Regression Indicator and Correlation.
Below are extracts from the manual about each: _______________
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Rank: Advanced Member
Groups: Registered, Registered Users, Unverified Users Joined: 9/18/2008(UTC) Posts: 37
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thank you ...well i meant to plot Polynomial Regression Channel (PRC) Bands.... how is it possible?
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 11/9/2012(UTC) Posts: 169
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Take a look at this forum thread regarding these bands:
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Rank: Advanced Member
Groups: Registered, Registered Users, Unverified Users Joined: 9/18/2008(UTC) Posts: 37
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thank you john,
I know this post... I don t ask if polynomial recgression channel are good for trading, I ask if there is a formula in metasock language or if exists an add on that have this indicator...
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 11/9/2012(UTC) Posts: 169
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I don't believe so...at least based on the comments in the thread by some of the formula gurus. However, I will alert our resident formula guru, Will Golson, to see if he knows.
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Rank: Advanced Member
Groups: Moderators, Registered, Registered Users, Subscribers Joined: 10/8/2010(UTC) Posts: 1,973
Thanks: 95 times Was thanked: 158 time(s) in 153 post(s)
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From William Golson:
As Wabbit said on the referenced thread, since the calculation loops to find the correct time periods for each bar, it is not possible to do it with the MetaStock Formula Language. This can only be done as an external DLL using the MDK (MetaStock Developer's Kit).
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Rank: Advanced Member
Groups: Registered, Registered Users, Unverified Users Joined: 9/18/2008(UTC) Posts: 37
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is there any add on that as this indicator?
I mean a polynomial regression line as the one in Microsoft office excel?
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