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 • 03/12/2019 #

    Very helpful! Thank you Nicolas

  2. Pere • 03/12/2019 #

    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 • 03/12/2019 #

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

  3. Partha Banerjee • 319 days ago #

    Hello Nicolas, this is great, however the actual PRT standard error and standard deviation channels keep on plotting themselves keeping the starting bar fixed and changing with the new bar dynamically. Do you have a code for these 2 dynamic channels please? Many thanks.

    • Nicolas • 319 days ago #

      If you want to anchor the channel to a specific candlestick, that would be possible but with custom coding. Please open a new topic in the ProBuilder forum and ask your question there, with as much details as possible. Thanks in advance.

  4. Newbie • 11 days ago #

    Would it be possible to modify this so it drew each bar one at a time? So with say 3 dots per candle (top, middle & bottom), rather than a line between start-finish? To see where each candle stands independently.

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