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I need this indicator for regression channel

  • #1
  • First Post: Jun 14, 2013 6:34pm Jun 14, 2013 6:34pm
hey every one

i use regression channel in my trading

in the image below





you will see i draw a regression channel on the gbp/usd from the start of 13 June ( point number 1 ) to it's end ( point number 2 )

ans let's say i will give it a specific name

now i want an indicator calculate for me

1 - the difference between the point number 3 and 4 in pips ((which is the difference of price between the upper and lower border of the channel )) and this represent the size of the channel and write it in a place like the green box that i draw below the channel

2- the difference between the point number 3 and 5 in pips ((which is the difference in price between the upper border start and end ) and this represent the angel of the channel and write it in a place like the green box that i draw below the channel


waiting for help
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 26 KB
  • #2
  • Jun 15, 2013 10:53am Jun 15, 2013 10:53am
upppppppppppppppppppppppppppppppp
  • #3
  • Jun 16, 2013 8:22am Jun 16, 2013 8:22am
another upppppppppp
  • #4
  • Jun 16, 2013 8:23am Jun 16, 2013 8:23am
another uppppppppppp
  • #5
  • Jun 16, 2013 8:23am Jun 16, 2013 8:23am
can any one help
  • #6
  • Jun 16, 2013 7:35pm Jun 16, 2013 7:35pm
318 VIEW

AND NO ONE ANSWER ME
  • #7
  • Jun 16, 2013 10:49pm Jun 16, 2013 10:49pm
Quoting zelenko
318 VIEW AND NO ONE ANSWER ME
The only properties that define the MT4 Linear Regression object are its starting and ending time coordinates.

What math formula does MT4 use to calculate the width (for starters, how many standard deviations is it?) and slope of the channel?

I'm sorry, I can not help you. Like most of the people who code here, I'm a programmer, not a mathematician.
  • #8
  • Jun 17, 2013 2:30am Jun 17, 2013 2:30am
MMMMMMMMMMMMMM

YOU MEAN WE NEED THE EQUATION OF THE LINEAR REGRESION TO MAKE WHAT I WANT ??????

CAN WE FIND IT HERE

http://www.mql4.com/search#!keyword=linear%20regression
  • #9
  • Jun 17, 2013 3:11am Jun 17, 2013 3:11am
It's possible to retrieve the prices at each end of the median line (numbered '1' and '2' in your diagram) using ObjectGet("object name",OBJPROP_PRICE1) and ObjectGet("object name",OBJPROP_PRICE2), but I don't know how to obtain the price values at your numbered points '3', '4' or '5'.

Even if we were to apply the linear regression formula, it would still be necessary to know the number of standard deviations used to calculate the distance between the median line and the upper/lower lines, but I don't believe this is stored in any MT4 object attribute. For object type OBJ_REGRESSION, ObjectGet("object name",OBJPROP_DEVIATION) returns 0.

The price difference between '1' and '2' would give you the angle, but there's not enough info to obtain the width.

If you can figure out a way of calculating the prices at '3', '4' and '5', then I'll revisit this thread.
Otherwise you'll need to find somebody who's better at math/MQL4 than I am.
  • #10
  • Jun 17, 2013 3:52am Jun 17, 2013 3:52am
Quoting hanover
It's possible to retrieve the prices at each end of the median line (numbered '1' and '2' in your diagram) using ObjectGet("object name",OBJPROP_PRICE1) and ObjectGet("object name",OBJPROP_PRICE2), but I don't know how to obtain the price values at your numbered points '3', '4' or '5'. Even if we were to apply the linear regression formula, it would still be necessary to know the number of standard deviations used to calculate the distance between the median line and the upper/lower lines, but I don't believe this is stored in any MT4 object...

the point number 1 and 2 are parallel to 3 and 5 so if we can get the difference in price between 1 an 2 this will solve the my second request

the problem is to define the point number 3 or 4
  • #11
  • Jun 17, 2013 4:32am Jun 17, 2013 4:32am
Maybe this will help some ? http://forum.mql4.com/53541
20 pips a day isn't too much to ask . . .
  • #12
  • Jun 17, 2013 1:27pm Jun 17, 2013 1:27pm
Try the attached:
--- Download the .mq4 and .ex4 files to your ....(MT4)/experts/indicators folder.
--- Download the .mqh files to your ....(MT4)/experts/include folder (note: the .mq4 file will not compile correctly without these).

It's based on the link provided by Raptor, which led me to here: "The distance between frame of the channel and regression line equals to the value of maximum close price deviation from the regression line." I've coded the indicator on the assumption that the quoted statement is correct. Alas, it does not appear to be completely accurate.

RefreshPeriod: enter M1, M15, H1 etc or T for every price tick, or +0 for the current chart's timeframe.

This is my best attempt in the time that I have available. I must move on to some productive work now.
Attached File(s)
File Type: mqh hanover --- function header (np).mqh   13 KB | 848 downloads
File Type: mqh hanover --- extensible functions (np).mqh   114 KB | 848 downloads
File Type: mq4 zelenko regression.mq4   4 KB | 1,305 downloads
File Type: ex4 zelenko regression.ex4   31 KB | 925 downloads
  • #13
  • Jun 19, 2013 12:43am Jun 19, 2013 12:43am
thaaaaaaaaaank you i will try it
  • #14
  • Jun 19, 2013 3:27am Jun 19, 2013 3:27am
Quoting hanover
Try the attached: --- Download the .mq4 and .ex4 files to your ....(MT4)/experts/indicators folder. --- Download the .mqh files to your ....(MT4)/experts/include folder (note: the .mq4 file will not compile correctly without these). It's based on the link provided by Raptor, which led me to here: "The distance between frame of the channel and regression line equals to the value of maximum close price deviation from the regression line." I've coded the indicator on the assumption...
it worked fine

thaaaaaaaaaaaaaaaaaaaank you very much mr hanover it worked fine and it's accuracy about 95% thank again
  • #15
  • Jun 19, 2013 4:00am Jun 19, 2013 4:00am
thank you again hanover

but my 2 request in the first post was just the start and i have some other things to do with the regression chanels

but they are easy the hardest thing was the first calculations and it's done perfectly

put you said ((( . I must move on to some productive work now )))

witch mean you are busy

if you willing to complete the road with me just till me i will wait you

or if you not interested tell me and i see if some one else could help

thank you again for your help
  • #16
  • Jun 19, 2013 6:45pm Jun 19, 2013 6:45pm
i discovered something mr hanover i hope you fix it for me

let's say i will draw 2 or 3 channels

after i draw them and then drag the indicator you made for me

it show under every channel it's own angel very accurate

but

it give the same number for width for all the three channeles and this number is the width of one of them (( and it repeated in all other channeles despite they are different in the width
  • #17
  • Jun 19, 2013 11:12pm Jun 19, 2013 11:12pm
Quoting zelenko
i discovered something mr hanover i hope you fix it for me let's say i will draw 2 or 3 channels after i draw them and then drag the indicator you made for me it show under every channel it's own angel very accurate but it give the same number for width for all the three channeles and this number is the width of one of them (( and it repeated in all other channeles despite they are different in the width
Sorry, I didn't anticipate the possibility that there might be more than one channel on the chart.

Anyway, I believe I have fixed the problem now. Please try the attached version.

I am very busy with my own projects. I hope that you can find somebody else to help you with your additional work.
Attached File(s)
File Type: mq4 zelenko regression.mq4   4 KB | 1,151 downloads
File Type: ex4 zelenko regression.ex4   31 KB | 869 downloads
  • #18
  • Jun 20, 2013 2:24am Jun 20, 2013 2:24am
thaaaaaaank you very much for you generosity
  • #19
  • Jul 22, 2013 3:49am Jul 22, 2013 3:49am
hey mr hanover i discovered the problem and why the width is not accurate

and i discovered how to exactly calculate the width

see the attached image

in you indicator you calculate the space from the close of candle 1 to the median line and multiply by 2 to get the whole width

but as you say you find this not accurate

the solution is to calculate the space from the candle number 2 open price to the median line parallel to candle 2

so the rule that sayed (The distance between frame of the channel and regression line equals to the value of maximum close price deviation from the regression line)))

is not 100% true
the true one is


The distance between frame of the channel and regression line equals to the value of (( the open price next to maximum close price )) deviation from the regression line

i hope you get it

and can you please modify the indicator to meet this condition
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 26 KB
  • #20
  • Jul 23, 2013 3:41am Jul 23, 2013 3:41am
mr hanover where are you ?????????????????
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