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Greetings All,
Dave Landry uses the 20-period Linear Regression Trendline to define trend,
just the trendline itself with no channels around it. According to Landry's
definition, a "persistent trend" is present when (among other things) the
20-period LinReg Trendline goes through all of the bars. Bars that fall
entirely above the trendline don't matter. I'm intrigued by the idea
because of its simplicity, and when you look at price action that fits that
definition it is in fact a nice tight trend.
I've found Jose's formula for the the whole bit, channels and all, but I
can't find a formula for the trendline itself. I'd like to be able to use
the formula as an exploration filter along with the requirement of the bars
not falling below it.
Any suggestions?
TIA,
Philip
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