Polynomial Regression Channel Indicator ThinkorSwim TOS Script
PRODUCT DESCRIPTION
POLYNOMIAL REGRESSION CHANNEL
This indicator will automatically curve-fit a polynomial regression channel. The user may select any polynomial factor between 1 (a straight line) and 6 (a complex curve).
– I recently purchased the Polynomial Regression Channel and Sniper Trend studies and applied them to 5 minute charts for day trading purposes. In the first week, I have had great success using these studies.
I am really finding both studies useful and profitable.
ROBERT’S REGRESSIONS
AKA THE FINEST POLYNOMIAL REGRESSION CHANNEL AVAILABLE FOR THINKORSWIM
I was wondering if you might want to attempt coding a Polynomial Regression Channel for Thinkorswim. I’m a huge believer in channel trading, but there has been nothing adequate coded for TOS to date. There are some poorly coded pseudo-channels on the net, but they are copies of each other and they have the same flaws.
This was a fun, although very challenging, project. I needed to study up on linear algebra so that I could understand the math involved. Then, because ThinkScript does not support arrays, matrices, or easily storing data for future reference, I had to devise creative work-arounds to handle the advanced algorithms required by this indicator.
This indicator will automatically curve-fit a polynomial regression channel. The user may select any polynomial factor between 1 (a straight line) and 6.
The user may adjust the length of the channel as desired from within the settings panel.
This indicator will work on any instrument and on any time frame. Some examples are below.
Questions
Was this made with a T3 Moving Average or a Centered TMA with an extrapolation to the right?
No. No moving averages are involved. This is a true polynomial regression. The curve is fit based on the closing prices of each candle.
Will this work with Heiken-Ashi candles?
Yes. It will work with any chart type (tick, candle, Heiken-Ashi, etc.) and on any time frame.
Below is a screenshot of a Heiken-Ashi chart.
Instant Access Available
Product Content
Get Instant Access Polynomial Regression Channel Indicator ThinkorSwim TOS Script at Offimc.click Now!
Delivery Information
- Upon ordering the product, a delivery email with download instructions will be sent immediately to you so that you may download your files. If you log in (or create an account) prior to purchase you will also be able to access your downloads from your account dashboard.
- It is a digital download, so please download the order items and save them to your hard drive. In case the link is broken for any reason, please contact us and we will resend the new download link to you.
- If you don't receive the download link, please don’t worry about that. We will update and notify you as soon as possible from 8:00 AM – 8:00 PM (UTC+8).
- Please Contact Us if there are any further questions or concerns you may have. We are always happy to assist!
6 reviews for Polynomial Regression Channel Indicator ThinkorSwim TOS Script
There are no reviews yet.