Registered User
Joined: 8/8/2007
Posts: 42
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I'm trying to write a combo condition that will look for divergences in price and TSV using a 30 period linear regression line. The specific conditions I'm trying to find are:
I want the 30 bar linear regression line on price to be flat or moving down. If I click on the 30 bar Linear Regression trendline and "Create Condition", then select "Moving Down", I see a blue bar that I can slide from "slowly" to Very Fast". What is the blue telling me? I want it to be flat to moving up quickly?
I'm not sure what the other settings are for. I assume the period is 30. Should I set the Move period to 30 as well?
On my charts, I have a 30 bar linear regression trendline on price, and a second 30 bar linear regression trendline on TSV26. Visually, I can identify charts where the price LR is flat or moving down, but the 30 bar LR on TSV is moving up.
I know there is a Linear Regression slope indicator, but visually that doesn't work as well for me.
Mike
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