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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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