Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I was trying to get every single data point on the chart to be used in the calculation of linear regression channel. A lot of people use a regression based on for example the last 30 bars. I find this useless. I use for example a 30 minute chart with 5 days of data and plot the regression with all the data.
But what would you gain, if you use all the bars on your chart? This would be like going to a restaurant and eat all the food available in the kitchen.
A defined lookback period tells you something about the trend. A scalper does not need to know what happened five years ago, does he?