Fwd: Re: [RT] Regression+Deviation Channel Lines

[Clyde Lee <clydelee@xxxxxxxxxx>]

Sorry, forgot to paste the code.

Clyde



{*******************************************************************
Description     : This Indicator
plots Linear Regression
Provided By     : Omega Research,
Inc. (c) Copyright 1999 
********************************************************************}
 
Inputs: Price(Close), Length(14), Displace(0), StdDMult(2);

If Displace >= 0 OR CurrentBar > AbsValue(Displace) Then 
Begin
        Value1=LinearRegValueFC(Price,
Length, 0);
        Plot1[Displace](Value1,
"LinearReg");
        If
StdDMult<>0 then begin
                Value2=StdDev(c,Length);
 
      Plot2[Displace](Value1+StdDMult*Value2,
"LinReg+SD");
 
      Plot3[Displace](Value1-StdDMult*Value2,
"LinReg-SD");
        End;
  
        {Alert
Criteria}
        If Price
< Plot1 AND Plot1 < Plot1[1] AND Plot1[1] > Plot1[2] Then
                Alert("The
Linear Regression has just changed direction and is now
bullish")
        Else
                If
Price > Plot1 AND Plot1 > Plot1[1] AND Plot1[1] < Plot1[2]
Then
                        Alert("The
Linear Regression has just changed direction and is now
bearish");
                
        {Linear
Regression Expert Commentary}
        #BeginCmtry
                Commentary(ExpertLinearReg(Length,
Plot1)); 
        #End;
End;

The following is a modification of
Omega code in which channels
have been added at sum multiple of StandardDeviation.

I hope this gives you an idea of how to proceed.

Clyde Lee


At 14:43 1/28/01 -0500, Dan Tillemans wrote:
Realtraders,

I would like to create linear regression channels using TS2000.  I
can see
how to do the regression line, but cannot find a way to get
deviation
channel lines.  I talked with TS tech and they said I might need
third party
help on this?  This should not be so hard?  Can anyone offer
assistance?

Thanks.

Dan Tillemans


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