[Download Now] Polynomial Regression Channel Indicator ThinkorSwim TOS Script
[Download Now] Polynomial Regression Channel Indicator ThinkorSwim TOS Script
[Download Now] Polynomial Regression Channel Indicator ThinkorSwim TOS Script
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$47.00
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Description
Polynomial Regression Channel Indicator ThinkorSwim TOS Script
Product description
There is a language called POLYNOMIAL REGRESSION CHANNEL.
The indicator will curve-fit a regression channel. The user can choose between a straight line and a complex curve.
I applied the Polynomial Regression Channel and Sniper Trend studies to 5 minute charts for day trading. I had great success using these studies.
Both studies are useful to me. It is profitable. .
I was wondering if you would be interested in coding a Polynomial Regression Channel for Thinkorswim. I am a huge believer in channel trading, but there has been no adequate coding for it to date. There are some pseudo-channels on the net, but they are copies of each other and have the same flaws.
This was a fun project. I wanted to understand the math behind it so that I could study it. I had to come up with creative work-arounds to handle the advanced algorithms required by this indicator because ThinkScript does not support arrays, matrices, or easily storing data for future reference.
The indicator will curve-fit a regression channel. The user can choose between 1 and 6.
The user can change the length of the channel from the settings panel.
On any time frame, this indicator will work on any instrument. Below are some examples.
Questions
Was this made with a T3 moving average or a centered one?
No. There are no moving averages involved. This is a true regression. The curve is based on the closing prices of candles.
Will this work with candles?
Yes. On any time frame, it will work with any chart type.
There is a Heiken-AShi chart.
Delivery Method
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