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You can use either the Raff
Regression Channel (the center line) or:
{Same as LinReg line
study}T1:=Input("Periods",3,1000,50);Z:=LastValue(LinearReg(C,T1));Y:=LastValue(Cum(1))-Cum(1);U:=Z-(LastValue(LinRegSlope(C,T1))*Y);R:=-(LastValue(Cum(1))-T1);A:=U+(Ref(C,R)-Ref(C,R));A;
to plot a least squares linear regression line. I
had a more sophisticated formula around here somewhere, but I have since
converted most of what I had to another software format.
-CS
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=JayTownsend@xxxxxxx
href="">JayTownsend@xxxxxxx
To: <A
title=equismetastock@xxxxxxxxxxxxxxx
href="">equismetastock@xxxxxxxxxxxxxxx
Sent: Monday, June 09, 2003 2:11 PM
Subject: Re: [EquisMetaStock Group] Re:
Hook reversal exploration, defining the trend.
<FONT lang=0 face=Arial size=2
FAMILY="SANSSERIF">In a message dated 6/9/2003 1:45:56 PM Pacific Daylight
Time, anrejaer@xxxxxxxx writes:
<BLOCKQUOTE
TYPE="CITE">First plot a LinearRegressionTrendline on your chart-On Close by
example- and you can see a true straight lineAfter you plot the
LinearRegressionIndicator on the close with the same period.As you
can notice, the last point of your LRTrendline is on the
LRIAndreHi Andre:I have MS 8.01 and I
don't have what you refer to as a LRT (trend line - straight). I have
only two indicators within my version of MS - the LRI and LRS. I have
found no way to in fact plot the true straight line, but I know that if that
indicator/line did exist it would intersect the LRI at "today's" plot.
Is your LRT from your own formula? I've been looking for that kind of
plot for several MetaStock versions and have never seen it.Jay
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