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Registered User
Joined: 1/28/2010
Posts: 11
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WEBINAR RECORED TUESDAY, NOV. 23, 2010 TITLED " OLD DOGS, NEW TRICK" JULIA OSMOUND USED A LINGER REGRESSION SLOPE INDICATOR COMPARING IT TO MACD. SHE WAS USING STOCKFINDER IS THERE A PCF FOR LINGEAR REGRESSION SLOPE THAT I CAN USE IN TELECHART. THANK YOU, GENE
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Welcome to the forums. A very good foundation for learning how to use TeleChart can be gained by reviewing the following:
If you are new to TeleChart READ THIS FIRST!
The formula for a Linear Regression Slope depends on the Period of the Linear Regression. The Using Linear Regression vs Classical Peaks/Valleys for Divergence Analysis and Linear regression channel calculations topics explore Linear Regression formulas in some detail. If you provide your specific settings we should be able to help you create a Personal Criteria Formula.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 1/28/2010
Posts: 11
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HI, BRUCE . IN THE WEBINAR JULIA WAS USING A 20 BAR LINEAR REGRESSION SLOPE INDICATOR, WITH A ZERO LINE TO SHOW POSITIVE AND NEGATIVE PRICE MOVMENT. THIS SHOULD WORK FOR ME ALSO. THANKS FOR YOUR HELP. GENE
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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A Personal Criteria Formula for a 20-Period Linear Regression Slope could be written as:
How to create a Personal Criteria Forumula (PCF)
PCF Formula Descriptions
(9.5 * C + 8.5 * C1 + 7.5 * C2 + 6.5 * C3 + 5.5 * C4 + 4.5 * C5 + 3.5 * C6 + 2.5 * C7 + 1.5 * C8 + .5 * C9 - .5 * C10 - 1.5 * C11 - 2.5 * C12 - 3.5 * C13 - 4.5 * C14 - 5.5 * C15 - 6.5 * C16 - 7.5 * C17 - 8.5 * C18 - 9.5 * C19) / 665
If you want it Plotted on the Chart with a zero line, you could use the same formula as part of a Custom Indicator (probably with Center Zero Line checked).
Plotting Custom Indicators with Examples
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 1/28/2010
Posts: 11
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THANKS, FOR YOUR HELP. GENE
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 12/17/2008
Posts: 25
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Bruce. Is there some literature to read abotu Linear regression slope. I'm trying to understand the concept.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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swatantra,
My Tuesday, November 30, 2010 8:39:48 AM ET post mentions two topics which explore TeleChart specific aspects of Linear Regression Lines including Linear Regression Slope.
If you just want to learn about Linear Regression Slopes in general, I would do an internet search.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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