Registered User
Joined: 12/4/2004
Posts: 8
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Can someone please help me build a SEQUENTIAL RULE using a 50-PERIOD LINEAR REGRESSION pattern.
What I'm looking for are stocks that have fallen below or above their 20 Width (2 STD Deviation) 50-period Channels and then traded up/down to kiss the channel they have previously fallen out of.
I've tried to build this rule in StockFinder, but so far am not getting any hits. I also could not find where to create the Linear Regression Channel lines like you can in TeleChart so I've only been using the Linear Regression Trend-Line which isn't really what I wanted to begin with.
The periods and widths of the rule are not that important as I may want to modify them. What's most helpful will be the structure of the rule in generating the pattern identification.
Thank you for any assistance you can offer.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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As you already pointed out, the Linear Regression Trendline in StockFinder is a Drawing Tool. The Linear Regression Scan topic has 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).
That said, I'm not quite sure what you want. Are you interested in where past Prices are relative to the current Linear Regression Channel or to where past Prices were relative to the Linear Regression Channel visible at the time of the Price Bar.
-Bruce
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