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I mentioned "Compensated LRS" on one group a short while ago and I have had
some questions relating to it. For those that wondered what I'm on about
but were too timid to ask I've attached a chart that tells the story very
clearly.
The green signal in the upper window is the standard MS Linear Regression
Slope, and its scaled to the left. The white signal scaled to the right is
an earlier version of Jose Silva's Linear Regression True Slope which can be
found at http://users.bigpond.com/prominex/pegasus.htm#metastock
What is obvious from the chart is that the compensated signal is consistent
across all prices. This makes the signal far more useful that one that
really only tells us if the slope is up or down. The chart for this exercise
is CPU on the ASX.
My own (original) Compensated LRS is nothing more than..
{Compensated LRS 15}
LinRegSlope(C,15)*1000/C;
Hope this is helpful.
Roy
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