Standard Error/Raff Channel Indicator Idea

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  • #46844 quote
    margincallcat
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    Hey Guys!

     

    I got the idea of trying to program an indicator based on the Standard Error Channel or Raff Channel.

     

    The idea is to let the indicator first find a swing high placing the first Channel point there and then letting the channel progress with every new made low. Once the bars start doing higher lows the second point (and lowest) of the Error/Raff Channel will stick there.

     

    My problem is i dont know how to program a line based on linear regression which i can then add to the deviation.

     

    Any ideas?

    Thanks!

    /Viktor

    #46881 quote
    Nicolas
    Keymaster
    Master

    Plot a line is easy. You only need 2 X,Y coordinates. You can use LINE or even SEGMENT to draw a channel.

    Your main “problem” is how to find these points 🙂

    There is already a Raff Channel indicator in the library FYI.

    margincallcat thanked this post
    #46895 quote
    margincallcat
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    Oh i missed that one! Thank you Nicolas!

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Standard Error/Raff Channel Indicator Idea


ProBuilder: Indicators & Custom Tools

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This topic contains 2 replies,
has 2 voices, and was last updated by margincallcat
8 years, 4 months ago.

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Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 09/21/2017
Status: Active
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