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--- In amibroker@xxxx, "eseward_2000" <eseward_2000@xxxx> wrote:
> Just wondering...
>
> Shouldn't it be: pred = slope + Ref(TrV,+1); // +1?
>
> Or am I missing something? Appreciate any corrections to my thinking.
>
> Bill
No, the slope has to be added to the last known value of the trendline to calculate next value. The last value is in my code the value of yesterday (Ref(TrV,-1)). "pred" calculates todays value.
Stephan
>
>
> --- In amibroker@xxxx, "elstephel" <elstephel@xxxx> wrote:
> > --- In amibroker@xxxx, "epintoem" <epintoem@xxxx> wrote:
> > > How can I calculate the next value of the trendline given the
> previous
> > > 2 days data?
> >
> > //TrV is trendline value
> >
> > slope = Ref(TrV,-1) - Ref(TrV,-2);
> > pred = slope + Ref(TrV,-1);// "prediction" of the next trendline
> value
> >
> > //**end of code
> >
> > works with rising and falling trendlines
> >
> > HTH
> >
> > Stephan
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