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maljester
 Posted : Monday, April 09, 2018 3:28:16 PM
Platinum Customer

Joined: 1/30/2005
Posts: 135

Is have it possible to have a linear regression trend line with a valiable period and have 1 and 2 standard deviation lines above and below the LinReg trend line in StockFinder and TC2000?

Bruce_L
 Posted : Monday, April 09, 2018 3:46:48 PM

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Joined: 10/7/2004
Posts: 65,138

The only thing like this in TC2000 is the Linear Regression Channel drawing tool and it is only going to draw one channel, not two channels.

StockFinder has similar drawing tools. The Linear Regression Scan and Regression Channel edit topics have RealCode Indicators for TeleChart style Linear Regression Channels and Moving Linear Regressions (with options to use Standard Deviation or TeleChart's LR calculations for Width).

-Bruce
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maljester
 Posted : Wednesday, April 11, 2018 8:36:42 AM
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Joined: 1/30/2005
Posts: 135

I set up your TC LR Channel indicator with the following settings

Period is 63

Width is .95

TCWidth is False

I scan for Price.Low less than lower band

Can this be done in TC2000?

Bruce_L
 Posted : Wednesday, April 11, 2018 9:40:59 AM

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Joined: 10/7/2004
Posts: 65,138

You can create a condition formula for this (and it is relatively short), but you can't plot the indicator.

`L < 3 * FAVGC63 - 2 * AVGC63 - .95 * STDDEV63`

-Bruce
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maljester
 Posted : Wednesday, April 11, 2018 10:58:25 AM
Platinum Customer

Joined: 1/30/2005
Posts: 135

Thank you

maljester
 Posted : Sunday, April 15, 2018 11:04:42 PM
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Joined: 1/30/2005
Posts: 135

as of April 13 StockFinder scan with

TC LR Channel indicator with the following settings

Period is 63

Width is 1

TCWidth is False

and price.close less than lower band

AndAlso volume.AVGC(21) > 10000 AndAlso volume.MinClose(5) > 4000 _
AndAlso price.close > 1 AndAlso price.Close < 10

returns symbols ABEV, APPS, BW, CIG, EDGE, HMY, MBT, MNKD, NLNK, NVAX, SBS and SIRI

TC2000
avgv21 > 1000000 and minv5 > 400000
and c > 1 and c < 10
and C < 3 * FAVGC63 - 2 * AVGC63 -  STDDEV63
returns ABEV, BBD, MBT, SBS, SIRI

The StockFinder stocks are all under lower band.  TC2000 does not appear to be finding all the stocks.
Bruce_L
 Posted : Monday, April 16, 2018 12:55:33 PM

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Joined: 10/7/2004
Posts: 65,138

What WatchList is being used as the basis of your scan? All of the symbols from the StockFinder list return true for me yesterday in in a daily time frame in TC2000 as well.

-Bruce
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maljester
 Posted : Monday, April 16, 2018 1:14:33 PM
Platinum Customer

Joined: 1/30/2005
Posts: 135

It was set to hi cap 1000.  I changed to U.S. Stocks and that fixed the problem.

Thanks for you  help

 Posted : Monday, June 18, 2018 3:37:37 PM
Registered User
Joined: 10/7/2004
Posts: 1,178

Hi Bruce,

You offered maljester the following PCF True for Linear Regression Trendline one to two Standard Deviations BELOW.

`L < 3 * FAVGC63 - 2 * AVGC63 - .95 * STDDEV63`

`Please offer the formula for `Linear Regression Trendline one to two Standard Deviations ABOVE.

Thanks,

Bruce_L
 Posted : Tuesday, June 19, 2018 10:21:12 AM

Worden Trainer

Joined: 10/7/2004
Posts: 65,138

No, the formula given is for the low being more than 0.95 SD below.

The high being more than one SD above would be the following.

`H > 3 * FAVGC63 - 2 * AVGC63 + STDDEV63`

The high being more than two SD above would be the following.

`H > 3 * FAVGC63 - 2 * AVGC63 + 2 * STDDEV63`

-Bruce
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