I've been reviewing some of my old trades and discovered that I caught the up leg of a "rolling" stock, but never went back in to catch the up leg on the next cycle.  All of these stocks have remained within the Regression channel for at least a year before breaking out. 

Is there a PCF that will assist in finding the stocks that are trading within their regression Channel?

John Murphy

jmasoc

The only practical method I can think of for TC2000 would only work in version 12.1. You would create a Condition Formula for price being within the channel for the current bar and use it as the Boolean Formula in a Custom PCF % True Indicator.

You could then set the Period of the Custom PCF % True Indicator to the number of bars you want to check with the Average Type set to Simple. If the value is 100%, then it was inside the channel for the entire Period.

We would need to know the exact settings of your Linear Regression Channel and if the entire price bar needs to be within the channel or just the close.

Using Linear Regression vs Classical Peaks/Valleys for Divergence Analysis
Linear regression channel calculations