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MetaStock
Indicator - End
Points of a Linear Regression with Standard
Deviations
rev.
01/06/97
In MetaStock 5.x
for Windows 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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