[EquisMetaStock Group] Re: Linear Regression

[pumrysh <no_reply@xxxxxxxxxxxxxxx>]

Rick,

How about something like this?

A:= (H+L+C/3); A;
X:= mov(A,Periods,S);
X + ( 2 * stdev( A, Periods ));
X - ( 2 * stdev( A, Periods ));

You also might want to check this site for some ideas:


http://trader.online.pl/MSZ/e-w-Pivot_and_Associated_SupRes_Levels.html


Preston


--- In equismetastock@xxxxxxxxxxxxxxx, "rickbw" <rickbw@xxx> wrote:
>
> Preston,
> 
> Thanks for the response.   The formula presented is not exactly what I was hoping for - I actually want to be able to build an indicator that provides a straight line through the center of prices (H+L+C/3) and then adding an upper and lower straight line 2 standard deviations apart.  I will make the timeframe variable (1 month, 3 months, 6 months) once I uild the indicator.  Ultimate plans would be to be able to scan with an exploration for certain characteristics.
> 
> Rick
> 
> --- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@> wrote:
> >
> > Rick,
> > 
> > Bollinger Bands use the stdev() function to calculate the upper and
> > lower bands. The middle band is a 20-period simple moving average. Here's the formula.
> > 
> > Periods:=input("Enter the number of periods: ",5,50,20);
> > A:= Close 
> > X:= mov(A,Periods,S);
> > X + ( 2 * stdev( A, Periods ));
> > X - ( 2 * stdev( A, Periods ))
> > 
> > 
> > Modifying this formula may be what you need. The question is the straight linear regression line going through closing prices. You didn't mention how many closing prices.
> > 
> > 
> > Preston
> >   
> > 
> > 
> > --- In equismetastock@xxxxxxxxxxxxxxx, "rickbw" <rickbw@> wrote:
> > >
> > > I was hoping to find a formula that would be able to help me build an indicator which would draw a straight linear regression line through closing prices and then placing an upper and lower parallel line 2 standard deviations away from the linear regression line.  I'd like to build the indicator and parallel lines so that I could use them in explorer.  Can anyone tell me what function I would use? I can find a way to use linear regression for bands, but not straight lines.   Any help or pointing in the right direction would be appreciated.
> > >
> >
>




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