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The LinReg trendline code at
http://www.metastocktools.com/MetaStock/LinRegTrend.txt
will give you the code you need for just the Lin Reg trendline.
To count trendline/bar crosses:
===========================================
Linear Regression Trendline Bar Cross Count
===========================================
---8<--------------------------------------
{ http://www.metastocktools.com/#metastock }
{ Message only }
message:=Input("references 'Linear Regression Trendline' indicator",0,
0,0);
{ Lin Reg Trendline reference }
trend:=Fml("Linear Regression Trendline");
{ Trendline/bar cross count }
crs:=trend>=L AND trend<=H;
crossCount:=BarsSince(crs AND Ref(crs,-1)=0)+1;
validCrossCount:=If(crs,crossCount,0);
{ Plot in own window }
validCrossCount
---8<--------------------------------------
Bear in mind that trendlines adjust themselves to the last bar of
data, so that they look great in hindsight, but may not be so useful
in real trading.
jose '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, Philip Schmitz <pschmi02@xxxx>
wrote:
>
> 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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