Linear Regression MTF for ThinkorSwim

british43

Member
VIP
I'm trying to create a linear regression MTF but have a problem with plotting the upper and lower lines. Any help would be greatly appreciate.

Code:
def fourHours = close(period = AggregationPeriod.FOUR_HOURS);
def day = close(period = AggregationPeriod.DAY);
def week = close(period = AggregationPeriod.WEEK);
def month = close(period = AggregationPeriod.MONTH);
def period=yes;

plot data=close;

input price = close;
input deviations = .8;

input length = 200; #set your channel lookback period here.
input opacity = 50;

def regression = InertiaAll(price, length);
def stdDeviation = StDevAll(price, length);

plot UpperLine = regression + deviations * stdDeviation;
plot LowerLine = regression - deviations * stdDeviation;
def dayreg=InertiaAll(price-day[1],length);
def daysd= StDevAll(price-day[1],length);

plot dayupper=dayreg+deviations*daysd;
 
Last edited by a moderator:
you can just add this study how many ever times you need it
the Week,Day,Hr,Min is configurable through the menu
remember your chart agreggation must be equal to or smaller than what ever timeframe you choose to configure the script for

Linear Regression MTF

Code:
#Linear Regression MTF by XeoNoX via usethinkscript.com
#the Week,Day,Hr,Min is configurable through the menu
#remember your chart agreggation must be equal to or smaller than whatever timeframe you choose to configure the script for
input TimeFrame = AggregationPeriod.DAY;
def price = (close(period =TimeFrame));
input deviations = .8;
input length = 200; #set your channel lookback period here.
input opacity = 50;
def regression = InertiaAll(price, length);
def stdDeviation = StDevAll(price, length);
plot UpperLine = regression + deviations * stdDeviation;
plot LowerLine = regression - deviations * stdDeviation;
def dayreg=InertiaAll(price-close(period =TimeFrame)[1],length);
def daysd= StDevAll(price-close(period =TimeFrame)[1],length);
plot dayupper=dayreg+deviations*daysd;
 
Last edited:

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
262 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top