Standard Error/Raff Channel Indicator Idea

• 09/21/2017 at 4:30 PM #46844
  margincallcat

  Hey Guys!

   

  I got the idea of trying to program an indicator based on the Standard Error Channel or Raff Channel.

   

  The idea is to let the indicator first find a swing high placing the first Channel point there and then letting the channel progress with every new made low. Once the bars start doing higher lows the second point (and lowest) of the Error/Raff Channel will stick there.

   

  My problem is i dont know how to program a line based on linear regression which i can then add to the deviation.

   

  Any ideas?

  Thanks!

  /Viktor

  

  margincallcat

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  09/22/2017 at 8:06 AM #46881
  Nicolas

  Plot a line is easy. You only need 2 X,Y coordinates. You can use LINE or even SEGMENT to draw a channel.

  Your main “problem” is how to find these points 🙂

  There is already a Raff Channel indicator in the library FYI.

  1 user thanked author for this post.

  margincallcat

  

  Nicolas

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  09/22/2017 at 9:44 AM #46895
  margincallcat

  Oh i missed that one! Thank you Nicolas!

  

  margincallcat

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