|
PureBytes Links
Trading Reference Links
|
Whoops - forgot to give you the end of it. Once you have the regression line -
use the parallel line function and add 2 parallel lines. You move one to the
bottom of the channel - the other to the top. Where's the top and bottom?
Sometimes easy to say - sometimes hard to say- but there should be an equal
distance between the middle line - and the top and bottom lines. Trader Vic
has written some good things about drawing trend lines in his books (although I
don't follow him religiously).
I don't know what markets you follow - but - if you want to do an interesting
exercise - compare the channels you see now in the SP500 and the Tbond. Robyn
Timothy Morge wrote:
> greene@xxxxxxxxxxxxxxx wrote:
> > Note to lurkers who don't work that much with TradeStation. It's easy as
> > pie to do a regression channel in SuperCharts (that's the program I work
> > with - and I assume the function is about the same in TS). Just use the
> > trend line function - draw a trend line between a high/low or low/high -
> > activate the trend line - edit the active tool - and then adjust active -
> > then choose regression - and and then regression on close. If TS is very
> > different than SC - perhaps a TS user can outline the steps to use in TS.
> > Robyn
>
> Thanks, Robyn. I did not know that. And even *I* draw lines on
> computer screens. Now I can draw lines that are a little more
> sophisticated...
>
> Tim Morge
|