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DT (or others):
Can you (or anyone) point me to any previous messages or any previous
work which has been done which would accomplish the following. It seems
like you would know given all of your mathematical creations (oblique
fib lines, parabolic trendlines, etc).
I would like to manually draw a regression channel from date A to date
B.
I would then like a plot to show the position, in percent, of the price
between the two outer regression lines. Alternatively, this code would
also work within any two manually drawn and named trend lines that are
roughly parallel as long as they start and stop on the same bar.
Ideally, the code would show greater than 100% (when price goes outside
the upper regression line) or less than zero % (when price goes below
the lower bar). It seems it should link to regression lines that
automatically extend.
Can you or anyone point to a message or to any code that could
accomplish this?
Many thanks for any help.
Ken
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