|
PureBytes Links
Trading Reference Links
|
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 ????
|