What's the formula for this indi? | Forex Factory

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What's the formula for this indi?

  • #1
  • First Post: Jun 22, 2017 12:02pm Jun 22, 2017 12:02pm
does anyone know the formula or algorithm for this attached indicator?

Liz
Attached File(s)
File Type: ex4 Forex Obos Regression Indicator.ex4   64 KB | 358 downloads
  • #2
  • Jun 23, 2017 12:34am Jun 23, 2017 12:34am
Is Dominic Walsh, the "developer" of this indicator, the new Karl Dittman ?

https://plus.google.com/+DominicWals...ts/WK7QtDsJRWa
https://plus.google.com/collection/oxr5bB

Sixer
  • #3
  • Jun 23, 2017 1:18am Jun 23, 2017 1:18am
Quoting lizmerrill
does anyone know the formula or algorithm for this attached indicator? Liz {file}
It's basically the same as MACD.
  • #4
  • Jun 23, 2017 11:40am Jun 23, 2017 11:40am
so if you were to take a wild guess, would it be:
instead of using a simple moving average exp ma for macd, you would use the linear regression formula, and instead of price you would use rsi of close, period 14.
???? right?
  • #5
  • Jun 23, 2017 11:44am Jun 23, 2017 11:44am
Quoting lizmerrill
so if you were to take a wild guess, would it be: instead of using a simple moving average exp ma for macd, you would use the linear regression formula, and instead of price you would use rsi of close, period 14. ???? right?
As far as I can see there's nothing "linear regression" about this ind. Linear regression represents a straight line through a scatter-plot of data. What would cause you think otherwise?
  • #6
  • Jun 24, 2017 1:37am Jun 24, 2017 1:37am
you can calculate a moving linear regression line, over n points, and set x as the current data point, and then you have a moving linear regression line, but you only plot the last point of the line on the chart or use it in calcs, smooths better than exma's and ma's.
  • #7
  • Last Post: Jun 24, 2017 2:12am Jun 24, 2017 2:12am
Quoting lizmerrill
you can calculate a moving linear regression line, over n points, and set x as the current data point, and then you have a moving linear regression line, but you only plot the last point of the line on the chart or use it in calcs, smooths better than exma's and ma's.
Fair enough, I supposed I just don't see what purpose that would serve, using a moving window of MACD linear regression... I assume that would make the indicator a lot less responsive would it not?
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