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Linear Regression (Standard Deviation) channel ind
0 replies, 921 viewings
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OmniTrader Professional Forum
OmniLanguage Discussion
Linear Regression (Standard Deviation) channel ind
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Last Activity 10/5/2024 12:51 AM 0 replies, 921 viewings |
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Manfred Veteran  Posts: 210 Joined: 4/2/2006 Location: South Africa  User Profile |
I was experimenting with LR channel approaches recently. I just noticed Jim Dean created a beautifully elegant LR channel solution in the forum earlier which uses Trendline approaches. The below is different logic being a lot closer to a Bollinger band concept based on Standard deviation. The code is also very basic so is easier to adapt by anyone less experienced. The approaches are not comparable and I make no claims about my code effectiveness. I adapted the original code I worked from to suit what I was looking for as a trend filter. Adapt it as you see fit for your own purposes. The basic indicator concept is an # period smoothed inner Linear Regression curve of H and C prices, with an outer channel plotted including the Std deviation of that period. I then incorporated some channel colour logic to suit what I wanted. Have fun, Cheers [Edited by Manfred on 1/10/2019 6:37 AM]  Attached file : LRSDchannel_Omnitrader_Example1.png (123KB - 208 downloads) Attached file : LRSDchannel_Omnitrader_Example2.png (102KB - 193 downloads) Attached file : LinRegSDChannel.txt (1KB - 205 downloads) |
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