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)
Using all data for a regression line does not make any sense. You will want to select the period of your indicator independently form the chart lookback period.
If you want to add further lines with other multiples of the standard deviation, you would need to modify, that is recode the indicator.
I would join but I do not know if this indicator is what I need anything else and I do not need anything because I have a system that I designed that works for me, I am just trying to move over to ninjatrader from quotetracker. If anyone can help me out I would appreciate it.
As for your last statement fat tails, it works for me, so whether it makes senses or not does not make much of a difference. I find when something doesn't make sense to the majority of people, it is probably what I am looking for in terms of the market.
Would anybody be able to modify Fat tails regression channel indicator in the download section to show a change of colour for upward and downward sloping lines?
@eDanny: The color change only works, if you are scrolling forward. But if you apply the channel to a chart and then scroll backward, it keeps the colour irrespective of the slope of the channel.
The modification for changing the color according to the slope should be made within the section of the custom plot and not within OnBarUpdate(). You could simply do that by comparing the two variables yPos and yPos2.
Thanks for pointing that out Harry. I knew it worked real time but didn't even think about it in a scrolling chart. An updated indicator is in the downloads.