Is it possible to write an indicator to display A Standard Deviation channel on a price plot to reference it later in a condition overbought,oversold,..

The Linear Regression Scan and Regression Channel edit topics have RealCode Indicators for TC2000 version 7 style Linear Regression Channels and Moving Linear Regressions (with options to use Standard Deviation or TeleChart's LR calculations for Width) for StockFinder.

You should be able to drag and drop price onto the indicator to create conditions based on the indicator.

thank you

Hi Bruce,

I would like to make a suggestion for a new indicator feature for future TC2000 versions, namely:

a Linear Regression Channel with parallel lines (adjustable period, i.e. 55 bars & adjustable SD i.e. 3.5), whereby the channel lines adjust themselves to the different chart periods and lengths but always remain parallel.

A color change for the positive or negative slope of the LR Channel would also be helpful. I use this all the time in Ninja, and it really helps pinpoint highs and lows (much more so than Bollinger Bands or LR Bands which simply stretch out more...)

That would be a really nice addition and not an exotic one which only few customers would use.

Thanks and kind regards,

Chris

Thank you for your suggestion.

For my own education, aren't we close already, with RAFF and Error Channels?

Albeit, I need to place them manually, but Raff Regression Channel allows me to set the length,and automatically encloses all the price movement for the number of bars I select.

Error Channels allow me to select the price movement I want (I frequently omit single bar price movements which, to my eye, aren't consistent with the price trend.

Regression Channels allow me to specifiy the Standard Deviation I want, (personnally never use that.)

I can use Drawing option to apply to all symbols if wanted, such as 55 bars.

Seems the only thing lacking is the ability to reference them in PCF's.

Do I understand the request and the drawing symbols correctly?

Thanks

I think the request is for indicator versions of those drawing tools so no manual placement is required. The way it is currently, you would have to replace the drawing tool each time a new bar forms to replicate the indicator.

Gotcha. Thanks

You're welcome.