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Registered User
Joined: 3/8/2009
Posts: 7
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Hi guys,
I am having an issue trying to get a watchlist scan to work based on a combo rule of 2 linear regression lines.
I have done this:
- 2 seperate Linear Regression lines - MACDH and Price
- created a rule for each one, LRL on MACDH moving up and LRL on price moving down
- Combine them into a combo rule and choose to scan my Watchlist
I run the scan and i do not get any results at all. However, if i just flick through the watchlist manually i can see plenty of stocks that match this condition.
Below is a screen shot of a stock (GIGM) that should return a result:
Can anybody help to work out what i am doing wrong? I have tried this in both SF4 and 5 and get the same result in both.
Thanks in advance.
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Registered User
Joined: 3/8/2009
Posts: 7
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UPDATE: From all my testing it seems as though you really cant use rules/scans based on the LR Lines themselves. I tried using the Linear Regression Slope and performing the combo/scan on that and it appears to work.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You are correct. The Linear Regression Lines really can't be used in BackScanner. They only Plot the current Linear Regression Line (which is drawn using just two points). You need to use another Indicator related to the Linear Regression Lines which calculates past values such as the Linear Regression or Linear Regression Slope Indicators.
-Bruce
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