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Registered User
Joined: 3/17/2006
Posts: 16
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Hopefully I will comunicate this correctly.
Has anyone created a PCF for Money Stream regression line either moving up(increasing) or horizontal.
Example: AVNC
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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I don't know about a PCF, but you could certainly plot a linear regression on MoneyStream, and then do a quick visual slope sort. This would enable you to find slopes very quickly that were either flat or rising. Here is a video that demonstrates the technique:
Using Linear Regression Sorts to Help Spot Divergences
- Doug
Teaching Online!
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Registered User
Joined: 1/1/2005
Posts: 2,645
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fusionpunch,
What you appear to be asking for is a PCF which tells you when a Linear Regression Line on MS has positive or zero slope.
For a period of 5:
2*MS1.0+1*MS1.1+0*MS1.2-1*MS1.3-2*MS1.4 >= 0
For a period of 6:
2.5*MS1.0+1.5*MS1.1+0.5*MS1.2-0.5*MS1.3-1.5*MS1.4-2.5*MS1.5 >= 0
For a period of P, the first coefficient is (P-1)/2 and each successive coefficient is reduced by 1.
Thanks,
Jim Murphy
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