Standard Deviation & Standard Error Linear Regression Channel

v10.3
Standard Deviation & Standard Error Linear Regression Channel

Here is the code for the linear regression channel of standard deviation and standard error. It is the same one than the tools of the platform.

You can change the lookback period which correspond of the amount of candlesticks for the linear regression calculation.

The ChannelType setting is used to change the calculation type of the upper and lower channel between the standard deviation and the standard error. You can also change the deviation multiplier which is set to 1 by default.

 

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ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. Maxime Baudin • 67 days ago #

    Very helpful! Thank you Nicolas

  2. Pere • 48 days ago #

    Thanks again Nicolas. My question is, how can I set a general delay to make backtests: for example, to set the standard lookback of 200 but starting x bars before and ending also x bars before. I want to see how this indicator behaves depending of the time, to define strategies for buying and selling. Lookback should be the same, only delayed on the time.
    And the other question is how to set an automatic trading herewith: as the lines are segments, I cannot define my strategy like “IF close > upperband THEN SELL..”

    • Nicolas • 48 days ago #

      Just add a linear regression moving average of 200 periods on the chart and you’ll get the same.

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