Jump to content
  • 0

Imported Standard Deviation Channel indicator from ProRealCode.com


TREBOR84

Question

Watcha guys, 

I have just downloaded and imported the Standard Deviation Channel indicator from prorealcode.com but instead of displaying the channels within the price chart, it is located as a separate (empty) chart altogether below.  Can anyone shed any light on this please? Any help much appreciated. cheers, Rob 

Link to post

12 answers to this question

Recommended Posts

  • 0

if you go onto the toolbar & click objects, then channels it will produce a  drop down menu with the standard deviation channel listed  - click on it, then on the price chart & it'll create the channel

  • Like 1
Link to post
  • 0
1 minute ago, elle said:

if you go onto the toolbar & click objects, then channels it will produce a  drop down menu with the standard deviation channel listed  - click on it, then on the price chart & it'll create the channel

here's one I just did randomly 

Capture sdc.PNG

  • Like 1
Link to post
  • 0

Ah there it is. I was actually referring to the prorealcode STD channel which has 2 standard deviations (5 lines), I downloaded it from prorealcode.com (people create there own indicator and then share them on there, and this is on there). Anyhow never mind, this 1 STD is also very helpful. I don't even think that 2 STDs are necessary anyway actually as the price rarely if ever breaches it, as I understand it. 

Thanks ever so much for your help, I really appreciate it

Link to post
  • 0

Hi again, I'm back with another question (sorry). I am not even sure how to articulate it but here goes... 

On 01/08/2020 at 17:42, elle said:

here's one I just did randomly 

Capture sdc.PNG

Hi again, I have just realised - I guess you may already know - but the 1 STD line that you revealed to me - the one built in on PRT is actually 2 STDs but the 1st line (above and below the mean line) is not shown 

Link to post
  • 0

Sorry, basically I would just like to know - when you view the price chart with the 2 STD indicator within it - say in the daily chart, or the minute chart - how high/low do you set the 'LinRegPeriod'? Because the position of the STD lines is obviously dependant on what the LinRegPeriod is set at. For example when I hear a tip that a certain stock is currently at 2 STDs on the daily chart, well that all depends on what the LinRegperiod is set at right? I suppose what I am asking is, is there an authoritative number of units that are to be used? i.e. If I view the 10 minute chart set at 1000 units which would display the last 1000 10 minute interval candles, and adjusted the LinRegPeriod to fit that 1000 units, the STD lines would obviously be situated differently than in the, say, 10 minute chart set at 200 units. 

Sorry if this makes absolutely no sense! I am using my time on furlough to learn day, swing trading. FOMO really. Everyone is raving about it so I just have to find out for myself. Green as grass really.

Any help as always much appreciated,

Cheers, Rob

Link to post
  • 0
2 hours ago, TREBOR84 said:

Any help as always much appreciated,

Hi, the Linear Regression indicator (a single line) and Standard Deviation Channel are 2 separate indicators though they can be combined to give a Linear Regression Channel (using SD or ATR channel/bands).

In the pic above you have just the Standard Deviation Channel indicator (2 sd's from the median line as drawn between the 2 dates in the input box).

Try a search for 'Linear Regression Channel'

 

Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • General Statistics

    • Total Topics
      14,312
    • Total Posts
      70,759
    • Total Members
      59,337
    • Most Online
      5,137
      14/01/21 09:51

    Newest Member
    Adnan969
    Joined 01/03/21 09:22
  • Posts

    • FREQUENTLY ASKED QUESTIONS - Great Barrington Declaration (gbdeclaration.org)
    • Hah, can't believe they censored out the word d@mn.    
    • Interesting chart of Scandinavian all-cause deaths in 24 month periods shows no covid effect at all. The winter of 2019/20 was mild with fewer seasonal deaths than ususal but then the novel coronavirus was released and the deaths that would have occured during winter occured in April instead.  This is why so many countries are showing no real increase in all-cause deaths per year. It also shows that the covid death numbers are fake and are rebranded deaths from other causes. The vast majority of people who catch covid have mild or no symptoms at all, for those with symptoms the infectous stage only lasts 10 days max. From then on you have natural immunity. If you've had SARS-CoV-2 anytime over the last 17 years you will have T-cell immunity, if you have been in contact with covid-2 this last year you will also have covid-2 antibody immunity. Push the myth that covid can be spread asymptomatcally, mass test asymptomatic people with a test that is designed to detect old dead viral RNA that their immune system has destroyed and when the test shows positive pretend they actually have covid. We are constantly in contact with viral material, with an effective immune system we deal with it and don't get sick. Testing people who are not sick you will find old viral material if they came in contact with the virus up to a month previously, same if you apply the test to someone who has died.  Counting these people as covid 'Cases/Deaths' is a fraud and is done to boost the numbers and perpetuate the climate of fear. No return of freedom for you until you're begging for health identity cards, oh - and may as well add finance and energy usage details while we're at it.   .      
×
×
  • Create New...