|
PureBytes Links
Trading Reference Links
|
Dear Friends,
I tried with your indicator “Linear Regression Trendline “ from http://users.bigpond.com/prominex/pegasus.htm and found it quite useful.Now I want to know the way to measure the slope of the lower line of this indicator by using which I can explore and find out the scrips in range bound consolidation phase. After which in can be easier to manually find out the break outs.Sending you the formula from the site mentioned above. Thanks in advance<FONT face="Arial Unicode
MS"> Bhabani ===========================Linear Regression Trendline===========================---8<--------------------------- { Linear Regression Trendline Channel v2.0 }{ ©Copyright 2004 Jose Silva }{ josesilva22@xxxxxxxxx }<FONT face="Arial Unicode
MS"> EnDay:=Input("end Day",1,31,31);EnMnth:=Input("end Month",1,12,12);EnYear:=Input("end Year",1800,2200,2006);pds:=Input("Linear Regression Trendline periods",2,2520,63);multi:=Input("Channel Standard Deviations", 0,100,2);x:=Input("use Open=1 High=2 Low=3 Close=4 Volume=5 P=6",1,6,4);x:=If(x=1,O,If(x=2,H,If(x=3,L,If(x=5,V,If(x=6,P,C))))); <FONT face="Arial Unicode
MS">end:=Year()>EnYear OR (Year()=EnYear AND (Month()>EnMnth OR Month()=EnMnth AND DayOfMonth()>=EnDay));end:=end AND Alert(end=0,2);end:=If(LastValue(Cum(Ref(end,pds)))=0, LastValue(Cum(1))=Cum(1),end); lastValLRI:=LastValue(Highest( If(end,LinearReg(x,pds),0)));lastValLRS:=LastValue(Highest(
If(end,LinRegSlope(x,pds),-10000))); adjust:=LastValue(LastValue(Cum(1)) -Highest(If(end,Cum(1),0)));countback:=LastValue(Cum(1))-Cum(1)-adjust;{ rem next line to extend plot to end of chart }countback:=Ref(Ref(countback,-adjust),adjust); LR:=lastValLRI-lastValLRS*countback;restrict:=0-(LastValue(Cum(1))-pds)+adjust;LRT:=Ref(Ref(LR,-restrict),restrict);<FONT
face="Arial Unicode MS">upLR:=LRT+Stdev(LR,pds)*multi;lwLR:=LRT-Stdev(LR,pds)*multi; upLR;lwLR;LRT ---8<---------------------------
Do you Yahoo!?Win a $20,000 Career Makeover at Yahoo! HotJobs
Yahoo! Groups Sponsor
ADVERTISEMENT
Yahoo! Groups Links
To visit your group on the web, go to:http://groups.yahoo.com/group/Metastockusers/
To unsubscribe from this group, send an email to:Metastockusers-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|