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I use it more as an "eyeballing" tool than anything else, and the the
parallel lines on either side of the regression trendline can be
adjusted if needed...
--- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxx> wrote:
>
> Andy,
>
> The only valid number of the SEC is the last one and is based on the
> linear regression trendline. From there its simply a parallel plot. Its
> not relistic or reliable.
>
> Preston
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "metastkuser"
> <andysmith_999@> wrote:
> >
> > I use the Standard Error Channel (SEC) to automatically put a channel
> > around uptrending charts. It snaps in place as I cycle through
> charts.
> >
> > The only thing I have to do manually is drag the start of the channel
> > to the start of the trend -- which, for my charts, is usually the
> > lowest low in the last 4 or so months.
> >
> > Is there a way to automatically detect the lowest low of the last 6
> > months and have the SEC automatically start on that date?
> >
>
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