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>I am still running SC 4.0 (which uses the TS 4.0 EL code)
>
>I am looking for an indicator that would plot a straight linear
>regression line between 2 points. One input would be price, and
>another the length. It would also be great to have the ability to
>plot straight sigma SD band lines above and below the LR line
That's not a linear regression. That's just a line connecting 2 points.
The formula for that is easy.
The slope is: m = (y1 - y2) / (x1 - x2)
The intercept is: b = y1 - m*x1 -or- b = y2 - m*x2
where x1,y1 and x2,y2 are your endpoints (where y is in price units and
x is in time units).
Formula for a line is y = mx + b
Your specifications aren't clear as to what you want. Just 2
inputs, price and length? Do you mean the first endpoing is the
price on the current bar and the second endpoint is the price at
length bars back? You don't need a regression for that, or even
a formula for a line. You just need to draw a trendline, with
TL_New() and other TL_ functions.
--
,|___ Alex Matulich -- alex@xxxxxxxxxxxxxx
// +__> Director of Research and Development
// \ Unicorn Research Corporation -- http://unicorn.us.com
// __) HTML FORMATTED MAIL SENT HERE WILL BE REJECTED AS SPAM.
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