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I am finally able to actually create some scans
that work. Now I want to add something to my buy scans that will
insure that the stocks that receive a buy arrow are actually in an
uptrend. One idea I have is to require that it's linear regression must be
in an uptrend. I would appreciate any and all suggestions regarding what
criteria that I should put into my buy scans that would insure that the
stock is truly in an uptrend, in order for it to
be eligible to receive a buy arrow. Regardless of the other
suggestions that may be forthcoming, I still want to test the concept of
positive linear regression. I have copied the information from HELP
that I think is most relevant to what I want to do. I am a little
puzzled regarding what these HELP comments are really saying.
All that I am really looking for in this post is the statements that I need to
add to my buy scans that will insure that the stock is truly in an
uptrend. Any and all comments will be appreciated. Ron
D
SYNTAX
linregslope( ARRAY, periods )
RETURNS
ARRAY
FUNCTION
Calculates linear regression line slope from the ARRAY
using periods range.
EXAMPLE
x = Cum(1);lastx = LastValue( x ); Daysback = 10; aa =
LastValue( LinRegIntercept( Close, Daysback) );bb = LastValue(
LinRegSlope( Close, Daysback ) );y = Aa + bb * ( x - (Lastx -
DaysBack) ); Plot( Close, "Close", colorBlack, styleCandle );Plot(
IIf( x >= (lastx - Daysback), y, -1e10 ), "LinReg", colorRed
);
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