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I can give it a shot but .......
> > > Plot the STRAIGHT Trendline defined above straight across Pane
> 2 so it does not slope up or down.
So this is basically a simple horizontal line? Is it a zero line?
> > > Now plot the Standard Deviation (SD) of price around this
> STRAIGHT trendline. The SD line will plot how many SD's the price
> deviates from the Straight Trendline defined in PANE 1.
SD of price ? SD has only one input-array and measures distances to
the MEAN. So then what's the role of the trend line?
Does it plot the Standard Deviation itself or the NUMBER of standard
deviationS from the mean?
If the look back of the line itself is 30, then what is the lookback
of the standard deviation(S) ?
I guess there is no price in this plot?
--- In amibroker@xxxxxxxxxxxxxxx, "Rick" <RickParsons@xxxx> wrote:
> YES! That is what I was looking for. Thanks for pointing this out.
>
> Anyone know how to do PANE 2 as described on original message and
> also shown below?
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "treliff" <treliff@xxxx> wrote:
> > Is this what you're looking for in pane 1 ?
> > (you can find this under LINREGINTERCEPT in the Help menu).
> >
> > // code start
> >
> > Daysback = 30; // set lookback
> > x = Cum(1);
> > lastx = LastValue( x );
> > 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 );
> >
> > // code end
> >
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "Rick" <RickParsons@xxxx> wrote:
> > > Since I am mathematically challenged, can someone show my how
to
> > > create these two indicators:
> > >
> > > PANE 1:
> > >
> > > Price chart with STRAIGHT trendline going thru the "middle" of
> the
> > > data for XX number of bars back. This trend line should be
> > > calculated to be equal distance for all high and low closing
> price
> > > points for XX bars back.
> > >
> > > PANE 2:
> > >
> > > Plot the STRAIGHT Trendline defined above straight across Pane
2
> so
> > > it does not slope up or down.
> > >
> > > Now plot the Standard Deviation (SD) of price around this
> STRAIGHT
> > > trendline. The SD line will plot how many SD's the price
> deviates
> > > from the Straight Trendline defined in PANE 1.
> > >
> > > I know this will be a challenge. It may be difficult to
> understand
> > > just what I am asking and if so, please feel free to ask me
> > questions.
> > >
> > > I greatly appreciate the time and help on this great forum!
> > >
> > > Thanks,
> > > Rick :)
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