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The problem with those nicely-straight StdDev/StdErr channels in
MetaStock, is that they are based on hindsight. They take the last
StdDev/Error value of the Linear Regression trendline, and then
project this value backwards to produce hindsight-based channels.
Smoke & mirrors can't help anyone devise a winning strategy.
Anyway, I've adjusted the Linear Regression Trendline code to
incorporate both Standard Deviation and Standard Error *bands*.
Available here:
http://users.bigpond.com/prominex/pegasus.htm#metastock
"LinReg Trendline v3" link.
jose '-)
--- In equismetastock@xxxxxxxxxxxxxxx, suree namsiripongpan
<suree_n@xxxx> wrote:
>
> Dear Jose,
>
> With reference to the Linear Regression trendline below,
> would you please advise how to modify the formular to
> display Standard Error Channel trendline instead,
>
> many thanks.
>
> --- Jose <josesilva22@xxxx> wrote:
>
>
>
> Thanks for the nice plug for my plug-in, Betty. :)
>
> The nature of Raff Regression Channels is such that
> (with the aid of hindsight) they enclose 100% of price movements,
> thus you will never find any prices outside these channels.
>
> You may however, find Linear Regression Trendline
> code that may be useful to you here:
>
> http://users.bigpond.com/prominex/pegasus.htm#metastock
> "LinReg Trendline" link.
>
>
> Regards,
> jose '-)
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, Burwell Pike
> <Castlekeep52@xxxx
> wrote:
>
> Hi Ken,
>
> I'm emailing you for two reasons:
> (1) Based on your experience with add-ons and additional
> third party supplements for Metastock and your specific
> recommendation, I purchased Jose Silva's Divergence Macd-h program.
> I want to take this opportunity to thank you so much for
> referring me to him.
> My plan is to use it as a "trigger" or entry mechanism and
> attempt to discover any additional usages.
> (2) I was hoping you might assist me one additional time.
> Are you aware of another Metastock add-on or third party
> supplement that you have purchased that contains
> Linear Regression Channel analysis (i.e. Raff
> Regression Channel). Specifically and the most
> important characteristic I desire is for the software
> to draw the regression channels automatically either
> when I stipulate two dates (i.e. 1 Jan 01 to 31 Dec
> 03) or inputing a specific number of days (i.e 400
> days). Additionally, I would like it to possess the
> ability to perform an exploration searching for those
> stocks that are either above the upper band
> (overbought) and lower band (oversold).
>
> TIA,
>
> Betty
>
>
> --- Ken Johnston <milocat@xxxx> wrote:
>
>
> I am aware of the rules on spamming so let me say up
> front that I have no connection with Jose Silva whatever
> except as a customer and this post is unsolicited.
> I own most of the Plug-ins and Third party add-ons for Metastock.
> A majority were a waste of money-a few are excellent.
> I would rate Walt Bressert's package as excellent for
> overall usefullness-
> Bollinger Band Tool kit is up there as well-Candle power is great
> for those who want a simple to use objective system but I recently
> purchased a MACD Divergence package from Mr Silva
> and would rate it as the very best available.
> Moreover, I had several installation problems relating to my
> hardware (my hard drive subsequently packed it in)
> Mr Silva carefullly and fully responded to numerous Emails
> from me over a weekend. It was clear that he would personally
> ensure that my software was working. The software itself is
> superb- a very simple concept-MACD Divergence-yet very powerful.
> It was a pleasure to deal with someone who took customer
> satisfaction so seriously-Thanks Jose!
> Ken
>
> (if you are interested-
>
> http://users.bigpond.com/prominex/pegasus.htm#contrarian
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