StockFetcher Forums · General Discussion · to maxreturn<< >>Post Follow-up
papagatorga
124 posts
msg #50394
Ignore papagatorga
3/3/2007 12:53:47 PM

You were kind to give me a scan for my linear regression channel slanting up but price near the bottom. (which is doing very well). I have tried to reverse it, LRC slanted down, price near the top IE.
Fetcher[linear regression slope(100) above 95
price near weekly top linear regression line(100)
chart-display is weekly
]


This works in some cases but in other cases the slant is up not down. Price is near the top in all however. Corrections please?


maxreturn
745 posts
msg #50397
Ignore maxreturn
modified
3/3/2007 6:09:04 PM

Papa, don't know where you got "above 95" from. You simply need to change that to "below 0". Here ya go:

Fetcher[linear regression slope(100) below 0
price near weekly top linear regression line(100)
chart-display is weekly
]



BTW...I'm beginning to see the value in this filter. Looks like many stocks on this filter would be worth adding to a watchlist and then monitor on the daily charts for high probability shorts.

Regards
Max



papagatorga
124 posts
msg #50415
Ignore papagatorga
3/4/2007 4:07:25 PM

Thanks Max, The 95 came from me. I was just guessing and trying to figure it out myself and not have to ask for help, but my efforts did not produce the results I was looking for. I am a college graduate, have reasonable intelligence, and am frustrated that I cannot write these screens myself. Yes after 4-5 years of testing hundreds of ideas MY best success has come from the linear regression channel. I know this board swears by RS(2) but for my style of investing, I haven't gotten it to work for me. Again thanks for the help and best wishes for your investments.


maxreturn
745 posts
msg #50422
Ignore maxreturn
3/4/2007 9:03:33 PM

Papa, need to make a slight but IMPORTANT modification to the filter. Need to change "linear regression slope(100)" to "weekly linear regression slope(100)". Turns out if you don't specify "weekly" stockfetcher will run a 100 day linear regression slope.

Fetcher[weekly linear regression slope(100) below 0
price near weekly top linear regression line(100)
chart-display is weekly
]



Regards
Max


StockFetcher Forums · General Discussion · to maxreturn<< >>Post Follow-up

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