Linear Regression Position Numerical Indicator

G

Graydrake

New member
I am looking for a Thinkscript method for generating a numerical indicator for the stock price based on its position on the 1 year 100% Linear Regression Channel. For example a position at Resistance might be 1 and the number at support might be -1, the neutral positioin zero and all other positions would be percentages of these. I would than assign the number as a column in the ThinkorSwim watchlist gadgets. The community on ThinkorSwim offered some proposals but they did not work properly. Has anyone here developed this indicator or possibly be helpful in developing it?

Thank you, Graydrake
 
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