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End Points of a Linear
Regression with Standard Deviations
MetaStock Indicator
In MetaStock 5.x for Windows and higher there is a way to plot the end
points of a linear regression line with channels +/- 2 Standard
Deviations.
Here are the three formulas:
| *Linear Regression (14) |
|
| (14 * Sum(Cum(1) * C,14) -
Sum(Cum(1),14)* Sum(C,14)) /(14 * Sum(Pwr(Cum(1),2),14) -
Pwr(Sum(Cum(1),14),2)) * Cum(1) + (Mov(C,14,S) -
Mov(Cum(1),14,S) * (14 * Sum(Cum(1) * C,14) - Sum(Cum(1),14)
* Sum(C,14))/(14 * Sum(Pwr(Cum(1),2),14) -
Pwr(Sum(Cum(1),14),2))) |
|
| *Linear Regression Lower
Band |
|
| Fml( "*Linear Regression
(14)" ) - 2* Stdev( Fml( "*Linear Regression (14)" ) ,14) |
|
| *Linear Regression Upper |
|
| Fml( "*Linear Regression
(14)" ) + 2* Stdev( Fml( "*Linear Regression (14)" ) ,14) |
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