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Hi Zinvestor
Does the attached indicator (which I found elsewhere) help?
I'm not sure whether it "keeps up with price" automatically. If so, I suspect that the indicator re-plots itself over the last "n" candles (in a "rolling window"), where "n" is the value you set in the LR.length parameter.
It shouldn't be too hard to change the source so that the start point remains fixed at a certain date/time, so that the channel keeps getting longer to include each new candle..... if that's what you want.
One feature is that it allows up to three channels to be plotted.
Thanks, hanover. Actually, I want it to be a rolling 23 periods. It has to roll to change slope.
Ignored
My version does roll with the periods...
extern int LR.length=34; // bars back regression begins
just change "34" to 23.
PHP Code
extern int period=0;
/*default 0 means the channel will use the open time from "x" bars back on which ever time period
the indicator is attached to. one can change to 1,5,15,30,60...etc to "lock" the start time to a specific
period, and then view the "locked" channels on a different time period...*/
extern int line.width=2;
extern int LR.length=34; // bars back regression begins
extern color LR.c=Orange;
extern double std.channel.1=0.618; // 1st channel
extern color c.1=Gray;
extern double std.channel.2=1.618; // 2nd channel
extern color c.2=Gray;
extern double std.channel.3=2.618; // 3nd channel
extern color c.3=Gray;
Does the attached indicator (which I found elsewhere) help?
I'm not sure whether it "keeps up with price" automatically. If so, I suspect that the indicator re-plots itself over the last "n" candles (in a "rolling window"), where "n" is the value you set in the LR.length parameter.
It shouldn't be too hard to change the source so that the start point remains fixed at a certain date/time, so that the channel keeps getting longer to include each new candle..... if that's what you want.
One feature is that it allows up...
Ignored
Hi David you helped me out with and Indi quite recently, thank you for that. I wonder do you have in your bag a an Indi that will do the following:
I am intrested in price below and above a Median line, is it possible that price is 30pips above a Median line and 50pips when it is below a Median line in a down trend ...I dont know but would like to find out? I also wonder if price might flip over from 30pips to 50pips when it changes to a up trend.
If I could get an indi that allowed me to do the following wish list it would save me a bag full of time in reaserch time:
1, All lines in the linear regression channel to be adjustable to my settings 30pips 50pips 200pips etc... 2, the Median center line adjustable to off center to see if there is any balance above and below it.
3, I am very much interested in the pip value between the lines also
I dont need it to follow the price as much it's more off a measuring tool like a Protractor you understand. I would like to place it on the down trend and check the pips below and above my Median line (which may not be in the center) and then add it again to the new uptrend which may have different settings on the lines..(levels may flip and reverse you understand)
Phew sorry if thats a lot ...if you could help in any way or point me somewhere it would be greatly appreciated, I would be very happy to share any results from my reasearch you understand.
Hey guys!
Could anyone add a initial date and final date over this linear regression indicator ? It could be by adding datetime on extern variables or putting vertical lines on the graph to define where it begins and where it ends. I tried so hard but I couldn't make it work.
Any help will be appreciate.
