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Profile: quadrun
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User Name: quadrun
Groups: Gold User, Member, TeleChart
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Joined: Monday, November 29, 2004
Last Visit: Sunday, May 6, 2007 5:54:58 PM
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Last 10 Posts
Topic: Regression Lines
Posted: Tuesday, December 7, 2004 11:08:37 AM
murty,

I only chose 50 day to try to catch a fairly new divergence between say price and MACD. I'm not sure I ever mentioned standard deviation. I don't really believe that bell curve type statistics can be accurately applied to stock prices, but I also don't believe in random walk theory either.

I can write functions to test for this, but I still get an awful lot of garbage hits for some reason. If TC2000 allowed you to select a regression model for scanning like they allow for charting, the program would be very very powerful. Then you could set slope limits on the indicators and sort for divergence visually. The only thing better would be testing for higher lows versus lower lows or lower highs versus higher highs between price and indicators.
Topic: Regression Lines
Posted: Saturday, December 4, 2004 11:26:37 AM
Yes, I think I have seen that video. I have also played with the visual sort box. But the problem as I see it is that I have to have a watchlist of items that I can visually sort, as opposed to a scan that returns items meeting the regression criteria I want for viewing. I have the problem in hand now. At first I overly complicated matters by writing functions that relied on conditional operators. I removed the conditional operators and applied large scaling factors that allow me to use the slider range function in the Easy Scan directly. Then I can view the results with regression lines on screen. This approach also makes it much easier to write functions for different time frames as well. Only a handful would be required. I'm assembling it now. Thanks for the help and suggestions.
Topic: Regression Lines
Posted: Saturday, December 4, 2004 10:40:44 AM
Thanks Craig. I had the feeling it didn't. I can massage the data by writing each indicator function seperately and applying a large scaling constant to the result that allows the range/value selector to function for negative regression lines as well. Thanks for the help.
Topic: Regression Lines
Posted: Saturday, December 4, 2004 9:40:37 AM
I noticed that TC2000 now has regression lines that can be added to indicators. Is there any way this function can be added for a scan? To facilitate adding this to indicators, I assume it is a called function now like say RGRSC50 for a regression line covering 50 daily closing prices, where RGRS is the base function and the meat of the problem. I can manually enter a regression line, but the work is multitudinous to say the least, and the real problem is if I want to check various time frames based on a group of stocks beta, etc, I have to retype a whole new function. This would be a very beneficial function for quickly determining the overall trend of a stock on some period of time.

Thanks for your input.