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keith wrote:
>
> I recently came across this idea and would like to test it out.
> I have Linear Regression as an indicator on SR4.0 but no LRS.
> Could any of our members help with an ELA for Super Charts 4.0 or advise
> where I may be able to get one. I can't adapt Lin Reg , as it's in Power
> Editor.
> Probably like most of you, I have many ELA's,Functions etc and if anyone is
> looking for a particular one, I may be able to help you in return .
> thanks in advance Keith
The attached ela has 3 indicators:
linregsl, shows the slope using weightedclose as price. The number of
days is an input.
linregsl-c is the same thing using close.
lrslope-stddev plots the slope and std dev. of the slope. Inputs are
days and the multiplier for the # of std deviations to plot the boundary
lines. This gives you a "3-state" indicator for the trend - the trend
can be up, down or neutral. (Weightedclose is used as price.)
I've been plotting the last one on my charts using three different
settings for days, to show the long, med., and short trend.
Conrad Bowers
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