Standard Error/Raff Channel Indicator Idea

margincallcat · 2017-09-21T15:30:20+00:00

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

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09/21/2017 at 4:30 PM #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

09/22/2017 at 8:06 AM #46881 quote

Nicolas
Keymaster

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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

09/22/2017 at 9:44 AM #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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margincallcat @lebrinque Participant

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

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	09/21/2017
Status:	Active
Attachments:	No files