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Re: Any one have a regression channel ELA?



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Andrew:
It depends on how you want the channel to be drawn..... do you want a 
straight linear channel, with "outside" regression boundaries containing x 
pct. of the range within the time period (such as you get in Metastock or 
Advanced GET) , or do you want a curvi-linear "envelope" like channel ???  In 
Tradestation you should look at the following: 

1) You can use your trendline tool, and draw a trendline from the starting 
date of the period you want to capture to the ending date.  THEN, click on 
the line, and use "Format Trendline"..... set Properties to Regression.... 
based on Open, high, low, close, whichever you want.  NOW..... you have your 
center line.  Unfortunately, you're going to have to eyeball the outer 
boundary lines, but drawing in a channel in Metastock or GET involves 
eyeballing as well.... you just get 3 lines instead of 1

2) IF you want the curvilenear "envelope" type, then go into quick editor and 
create an indicator which uses the LinearRegValue function, and set 2 plots 
in the indicator... First plot is LinearRegValue based on O,H,L,or C,  * a 
certain positive multiplier, and Second plot is LinearRegValue " " "  based 
on a certain negative multiplier.... set those multipliers as Inputs so they 
can be changed.

I don't know of anything else in TS 4.0, perhaps someone else does, AND/OR TS 
2000 has a channel drawing tool ????