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Using TC 2000, Is it possible to sort a stock watch list by the slope of linear regression line? Rate this Topic:
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Jasonl68
Posted : Sunday, October 23, 2011 9:16:17 PM
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Joined: 2/20/2011
Posts: 4
Using TC 2000 version 12, is it possible (and how) to sort a stock watch list by the SLOPE of the linear regression (LR) line indicator?

I have tried to sort a stock watch list by the LR indicator, but the sorting results are not by LR slope, but by the latest values of the LR indicator.

By the way, through the Worden discussion forum at
http://forums.worden.com/default.aspx?g=posts&t=3268, I saw this is possible for the TeleChart Platinum.

Thanks very much in advance

Jason
Neednbucks
Posted : Sunday, October 23, 2011 9:31:35 PM
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Joined: 10/15/2005
Posts: 9
The following code is written to determine the slope of a 30 period LR line.  Insert this as an indicator, then you can scan and sort using it.  I did not write this, so I can't answer any questions such as how to modify it for a different length.

(30 * (C29 + 2 * C28 + 3 * C27 + 4 * C26 + 5 * C25 + 6 * C24 + 7 * C23 + 8 * C22 + 9 * C21 + 10 * C20 + 11 * C19 + 12 * C18 + 13 * C17 + 14 * C16 + 15 * C15 + 16 * C14 + 17 * C13 + 18 * C12 + 19 * C11 + 20 * C10 + 21 * C9 + 22 * C8 + 23 * C7 + 24 * C6 + 25 * C5 + 26 * C4 + 27 * C3 + 28 * C2 + 29 * C1 + 30 * C) - 465 * (C + C1 + C2 + C3 + C4 + C5 + C6 + C7 + C8 + C9 + C10 + C11 + C12 + C13 + C14 + C15 + C16 + C17 + C18 + C19 + C20 + C21 + C22 + C23 + C24 + C25 + C26 + C27 + C28 + C29)) / (30 * 9455 - 465 * 465)
Bruce_L
Posted : Monday, October 24, 2011 8:24:53 AM


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Joined: 10/7/2004
Posts: 65,138
The Using Linear Regression vs Classical Peaks/Valleys for Divergence Analysis topic explores how to create formulas for the Linear Regression Line and its Slope.

-Bruce
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Jasonl68
Posted : Monday, October 24, 2011 11:42:40 PM
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Joined: 2/20/2011
Posts: 4
Thank you very much. I'll read the reference post.

Jason
Bruce_L
Posted : Tuesday, October 25, 2011 6:59:32 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
You're welcome. Our pleasure.

-Bruce
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