Automatic drawing Standard Deviation Channel

v10.3
Automatic drawing Standard Deviation Channel

This indicator plots automatically a linear regression channel with 1 and 2 standard deviation lines of the last X periods.

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channel standard deviation
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02/22/2019

4 posts • 2 Followers
  1. avatar
    Choliver • 02/22/2019 #

    Bonjour et merci pour cet indicateur.
    Toutefois, il me semble qu’il est unidirectionnel.
    Par exemple ce matin 8 mars, sur un graphe CFD Dax en 5 min (10 unités), il devrait avoir changé d’orientation en passant d’une orientation haussière à une orientation baissière.
    Il est finalement resté en orientation haussière toute la matinée.
    Nicolas, pouvez vous me confirmer qu’il y a effectivement un souci please ?
    Merci

    • avatar
      Louis Winthorp III • 02/22/2019 #

      Hi Choliver, you are right, there is a problem with the drawing instruction when the slope is = 0 THEN
      y1 = LinRegres – ((LinRegPeriod-1)*LinRegresSlope)
      ELSE
      y1 = LinRegres – ((LinRegPeriod-1)*LinRegresSlope)
      ENDIF

      with :
      y1 = LinRegres – ((LinRegPeriod-1)*LinRegresSlope)

      I’ll ask Nicolas to update the code.

    • avatar
      Nicolas • 02/22/2019 #

      File and code are updated.

  2. avatar
    Zasinas2000 • 02/22/2019 #

    Hi allo

    I am not sure I am doing it correctly, but this adds to proreal as an indicator. How to ad it as a study, so it would draw lines on the chart?

  3. avatar
    Trimicha • 02/22/2019 #

    Hi,

    when I copy the code, i get an error message that
    LinRegPeriod is not defined.
    Does anyone know how to solve that?

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