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Wooglinx@xxxxxxx wrote:
>
> Specifically, I wish to plot the Linear Regression Slope of the On Balance
> Volume for the last 25 days and visually compare this to the Linear
> regression Slope of the Closing Price for the last 25 days. The intent is to
> look for divergences between the change of the OBV and the change in Price.
> (ROC comparisons do not work.) Visual comparison of the overlays of the two
> suggested indicators show some promise provided the "without scale" technique
> does not distort the relative plots.
>
Jim,
I have had some luck with Linear Regression Slopes in this same situation
by making custom indicators where the LRS is multiplied by 10, 100, 1000, etc.
to change the magnitude. It doesn't affect the wave form (as far as I can tell.)
In fact I always modify slopes so that they are whole
numbers. I find it much easier to compare numbers like 12 and 23 rather
than .0012 and .00023.
I hope this helps,
let me know
AW
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