StockFetcher Forums · Filter Exchange · Chetron - filter for linear regressions<< 1 2 >>Post Follow-up
LebowskiUrbanAchievers
56 posts
msg #90163
Ignore LebowskiUrbanAchievers
modified
3/23/2010 11:06:18 AM

That is what I am noticing with the stocks that came up on Chet's filter. If the 5 min chart shows the stock at the bottom of the linear regression line then the stock still has more upside potential. But if both show a top then short with tight stops, reverse for a stock at the bottom. What I need out of this filter is to get the setup for the tops and bottoms.









miska2
17 posts
msg #90174
Ignore miska2
3/23/2010 3:30:03 PM

The LR 100 being mentioned is not for 100 periods. Its the 100 LR channel in TOS, which use 2 standard deviations from the LR line. TOS has two LR channels - 50 & 100. With the 100 channel, you'll see price bounce off the upper and lower LR lines at some point in any time frame you choose. The problem with this indicator is that it's dynamic by nature so it will adjust according to price. In other words, if you have a strong uptrending stock hitting the upper LR line, it will continue to hit it as the slope will rise with price. What you need to look for is divergence to predict where the pullback will start.

However, it is still a useful S/R tool to incorporate in your trading.



chetron
2,817 posts
msg #90210
Ignore chetron
modified
3/24/2010 6:56:48 AM

WITH SLOPE

Fetcher[
Linear Regression Slope(100) BELOW 0

draw Top Linear Regression Line(100,.5)
stock is optionable
show stocks where the high is above the top linear regression line(100)
close is below close 1 day ago
]



AND..


Fetcher[
Linear Regression Slope(100) ABOVE 0
draw Top Linear Regression Line(100,.50)
stock is optionable
show stocks where the low is below the bottom linear regression line(100)
close is above close 1 day ago
]




the mixer...

Fetcher[
SET{VAR1A,CLOSE 1 DAY AGO}

set{var1,count(Linear Regression Slope(100) BELOW 0,1)}
set{var2,count(high is above the top linear regression line(100),1)}
SET{VAR3,COUNT(close is below VAR1A,1)}

SET{var4,var1 * var2}
set{vshort,var4 * var3}

set{var11,count(Linear Regression Slope(100) ABOVE 0,1)}
set{var12,count(LOW is BELOW the BOTTOM linear regression line(100),1)}
SET{VAR13,COUNT(close is ABOVE VAR1A,1)}

SET{var14,var11 * var12}
set{vlong,var14 * var13}

set{vplays,vlong + vshort}

draw Top Linear Regression Line(100,.5)
draw bottom linear regression line(100)
draw vshort on plot vlong

add column vlong
add column vshort

vplays above .5
do not draw vplays
stock is optionable


]



a little tigher....

Fetcher[

SET{VAR1A,CLOSE 1 DAY AGO}

set{var1c,count(Linear Regression Slope(100) BELOW 0,1)}
set{var1b,count(Linear Regression Slope(34) above 0,1)}
set{var1,var1c * var1b}

set{var2,count(high is above the top linear regression line(100),1)}
SET{VAR3,COUNT(close is below VAR1A,1)}

SET{var4,var1 * var2}
set{vshort,var4 * var3}

set{var11c,count(Linear Regression Slope(100) ABOVE 0,1)}
set{var11b,count(Linear Regression Slope(34) below 0,1)}
set{var11,var11c * var11b}
set{var12,count(LOW is BELOW the BOTTOM linear regression line(100),1)}
SET{VAR13,COUNT(close is ABOVE VAR1A,1)}

SET{var14,var11 * var12}
set{vlong,var14 * var13}

set{vplays,vlong + vshort}


draw bottom Linear Regression Line(34,.5)
draw Top Linear Regression Line(34)
draw Top Linear Regression Line(100,.5)
draw bottom linear regression line(100)
draw vshort on plot vlong

add column vlong
add column vshort

vplays above .5
do not draw vplays
stock is optionable


]



mystiq
650 posts
msg #90211
Ignore mystiq
3/24/2010 7:16:22 AM

chetron
modified 3/24/2010 6:56:48 AM

WITH SLOPE


Fetcher[
Linear Regression Slope(100) BELOW 0

draw Top Linear Regression Line(100,.5)
stock is optionable
show stocks where the high is above the top linear regression line(100)
close is below close 1 day ago
]




chetron...nice simple filter !

chetron
2,817 posts
msg #90213
Ignore chetron
3/24/2010 8:20:08 AM

THANX TO KEVIN AND SYSTRADER.

chetron
2,817 posts
msg #90286
Ignore chetron
3/24/2010 11:02:21 PM

@ miska2,
TOS HAS 3 LRI CHANNELS, THE 3RD IS LRIVAR WHICH YOU CAN DRAW A 100, OR WHATEVER, BAR CHANNEL.


HTH



miska2
17 posts
msg #90383
Ignore miska2
3/26/2010 1:10:30 AM

Chetron, Thanks for the clarification.

Eman93
4,659 posts
msg #90731
Ignore Eman93
4/2/2010 10:55:26 PM

I have been so busy have not had time to dig though many threads....

This is very interesting.......

On the TSO screen shots with 5min bars the LRC is scaled to 5 min bars not the day scale right?

chetron
2,817 posts
msg #90748
Ignore chetron
modified
4/3/2010 10:35:09 AM

E,
IT LOOKS TO ME THAT THE TIME FRAME DOESN'T EFFECT TOS' LR 100 OR THE 50, AND LRIVAR CHANGES ONLY BECAUSE A PERSON IS ONLY LOOKING AT MINUTE SLICES OF TIME. AS TRO ALWAYS SAYS, " PRICE IS THE SAME IN ALL TIME FRAMES" AND I BELIEVE THE LRI100 AND 50 ARE HEAVILY FORMULATED IN HUGE SLICE OF PRICE, SO OVERALL CHANGE IS VERY MINUTE.


HTH


TO BE CLEARER;

IF YOU USE 1 MONTH / DAY LRI 100 AND 1 MONTH / 5 MIN, YOU GET THE SAME CHANNEL.

SKI IS ONLY GETTING DIFFERENT CHANNELS BECAUSE HE IS MIXING SLICES, 1 YEAR / DAY V. 5 DAY / 5 MIN.

AGAIN HTH


Systrader
56 posts
msg #90777
Ignore Systrader
4/4/2010 11:46:59 AM

How different will it be to use Bollinger bands which express standard deviation from the ma(20) line ?

So LR is also a measure of deviation , but which is better , to use crosses/touches through the LR lines , or crosses/touches below and above Bollinger Lines ?

If the parameters are so set, will they not show similar results ?




StockFetcher Forums · Filter Exchange · Chetron - filter for linear regressions<< 1 2 >>Post Follow-up

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