Astro X Æ A-12
New member
Hi, could someone help me to get something like this? it's so clear to see where we are in a trend (OB/OS). This guy mentioned that there were some Standard deviation channels there, but didn't tell us how he made this, any thoughts?
Thanks in advanced
Found it:
Thanks in advanced
Code:
# RegressionStdDeviation
# DREWGRIFFITH15 (C) 2015
declare upper;
input price = close;
input deviations = 1.50;
input fullRange = No;
input length = 200;
def regression;
def stdDeviation;
if (fullRange) {
regression = InertiaAll(price);
stdDeviation = StDevAll(price);
} else {
regression = InertiaAll(price, length);
stdDeviation = StDevAll(price, length);
}
plot UpperLine = regression + deviations * stdDeviation;
plot MiddleLine = regression;
MiddleLine.Hide();
plot LowerLine = regression - deviations * stdDeviation;
UpperLine.SetDefaultColor(Color.DARK_RED);
MiddleLine.SetDefaultColor(Color.DARK_GRAY);
LowerLine.SetDefaultColor(Color.DARK_RED);
UpperLine.SetLineWeight(3);
MiddleLine.SetLineWeight(1);
LowerLine.SetLineWeight(3);
Found it:
Code:
declare upper;
input FirstStdDev = 1;
input SecondStdDev = 2;
input Price = close;
input PlotCenterLines = yes;
input PlotUpperLines = yes;
def regression = InertiaAll(price);
def stdDeviation = StDevAll(price);
#
# plot all values
#
plot firstUpperLine = regression + stdDeviation;
plot firstLowerLine = regression - stdDeviation;
plot secondUpperLine = regression + 2 * stdDeviation;
plot secondLowerLine = regression - 2 * stdDeviation;
plot middleLine = regression;
#
# set properties
#
firstUpperLine.SetDefaultColor(Color.ORANGE);
firstLowerLine.SetDefaultColor(Color.ORANGE);
secondUpperLine.SetDefaultColor(Color.UPTICK);
secondLowerLine.SetDefaultColor(Color.UPTICK);
middleLine.SetDefaultColor(Color.WHITE);
secondUpperLine.SetHiding(!PlotUpperLines);
secondLowerLine.SetHiding(!PlotUpperLines);
#
# plot dotted lines
#
plot line1 = regression + 1.5 * stdDeviation;
plot line2 = regression + 0.5 * stdDeviation;
plot line3 = regression - 0.5 * stdDeviation;
plot line4 = regression - 1.5 * stdDeviation;
line1.SetDefaultColor(Color.WHITE);
line2.SetDefaultColor(Color.WHITE);
line3.SetDefaultColor(Color.WHITE);
line4.SetDefaultColor(Color.WHITE);
line1.SetHiding(!PlotCenterLines or !PlotUpperLines);
line2.SetHiding(!PlotCenterLines);
line3.SetHiding(!PlotCenterLines);
line4.SetHiding(!PlotCenterLines or !PlotUpperLines);
line1.SetStyle(Curve.SHORT_DASH);
line2.SetStyle(Curve.SHORT_DASH);
line3.SetStyle(Curve.SHORT_DASH);
line4.SetStyle(Curve.SHORT_DASH);
