| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 10/7/2004
Posts: 1
|
I am trying to locate a PCF or code for checking if the closing price (C ) is above or below +/- 3 or 4 standard deviations from mean in linear regression. I have tried saerching and have not found it yet. thanks. It should be good scan for stocks that are extended on price and possible for options on reverse
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
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 exact formulas would depend on your Linear Regression and Standard Deviation settings. We can help you create the formulas with those settings are you could create them on your own.
The Using Linear Regression vs Classical Peaks/Valleys for Divergence Analysis topic covers the creation of formulas for Linear Regressions and the Modelling Bollinger Bands (& Standard Deviation) in a TC PCF topic covers the creation of formulas for Standard Deviation.
It should be noted that the Linear Regression Channels in TeleChart do not use Standard Deviation. The Linear regression channel calculations topic covers the math used in their construction.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
Registered User
Joined: 10/7/2004
Posts: 84
|
Hi,
How do you add linear regression channels w 2 or 3 standard deviations to tc TC2000 ver 12.4....
Thanks in advance,
Sheana
|
|
Registered User
Joined: 10/7/2004
Posts: 84
|
To clarify, how do you add a PCF to the new Telechart?
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
The Linear Regression Line indicator in TC2000 version 12.4 does not have an option to add channels as can be done in TC2000 version 12.4.
To add a Linear Regression Line to TC2000 version 12.4 with Standard Deviation based Linear Regression Channels would involve adding a Regression Channel Drawing Tool to the chart.
The basic idea would be to choose the Regression Channel from the Drawin Tools menu at the right side of the chart and then clicking and dragging an the chart where you want to add the Regression Channel. The following videos explore using drawing tools in TC2000 version 12.4 in greater detail.
Using Drawing Tools in TC2000 (5:22)
Drawing boards manage your chart drawings (7:07)
Scratch boards & drawing tool updates (4:43)
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
|
Guest-1 |