StockFetcher Forums · General Discussion · Slope between bands<< >>Post Follow-up
NickL
8 posts
msg #55639
Ignore NickL
10/11/2007 7:46:36 PM

Is there any way to tell when the slope of the 200 day close is in between the upper and lower bollinger bands?

Something like:

200 day slope of close is between upper bollinger band(20) and lower bollinger band(20)

dwiggains
370 posts
msg #55647
Ignore dwiggains
10/12/2007 12:09:25 PM

200 day slope of the close > 0 and
close < upper bollinger band (20) and
close > lower bollinger band (20)

This is the best I could do.

See ya
David

NickL
8 posts
msg #55649
Ignore NickL
10/12/2007 1:38:34 PM

Thanks David,

The problem I am having is that the value return by the slope is not a price value such as the one returned by the BB(20) and I am not sure how to convert it into one.

danv83
44 posts
msg #55654
Ignore danv83
10/12/2007 5:15:09 PM

Yes, I have requested this before. Never got a reply... Oh well I guess my membership money went to the site redesign dept not the fetcher dev dept. : (

tomb
261 posts
msg #55656
Ignore tomb
10/12/2007 5:35:03 PM

What you are looking for can be accomplished using existing StockFetcher measures. In particular the "center linear regression line". For example:

Fetcher[close is above 5.00
and center linear regression line(200,1.0) is below upper bollinger band(20)
and center linear regression line(200,1.0) is above lower bollinger band(20)
]



Tom
StockFetcher.com Support


danv83
44 posts
msg #55657
Ignore danv83
10/12/2007 5:44:21 PM

Excellent!

Is the LRS normalized like normslope?

tomb
261 posts
msg #55749
Ignore tomb
10/16/2007 1:43:52 PM

Unfortunately, I am not sure I understand your question. The center linear regression line uses the slope determined from the least squares method of line fitting. The resulting line is then constructed from the calculated slope and intercept values.

A normalized slope value is not relevant in computing the actual line, but rather in comparisons dealing with the actual slope value.

Tom
StockFetcher.com Support



danv83
44 posts
msg #55755
Ignore danv83
modified
10/16/2007 6:32:53 PM

Yes I was asking about the slope value of Linear Regression Slope (LRS), if it is normalized. Normslope is standardized between different charts so you can actually compare the angle of the slope to another chart. Just wondering if LRS is also normalized.

chetron
2,817 posts
msg #55757
Ignore chetron
10/16/2007 8:27:22 PM

isn't the lri(200), which seems to be the last point of the slope, a price value?


Fetcher[set{normalized_lri,indposition(lri(60),60) * 100}

add column normalized_lri
add column lri(200)

draw normalized_lri

close is above 5.00
and center linear regression line(200,1.0) is below upper bollinger band(20)
and center linear regression line(200,1.0) is above lower bollinger band(20)
]



StockFetcher Forums · General Discussion · Slope between bands<< >>Post Follow-up

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