Standard Error Channel

[Leo1710]

Hello, I am new here, but I've been reading some of the posts.

I'd be kind if someone can help me to build a scanner in which the price has been touched the lower band of the standard error channel during the day. Not dayly, but during the day from when the market opens until it closes.

I don't know if that is even posible. I would be appreciated if anyone can give a hand. Thank you in advance.

 

[moxiesmiley]

close("period" = AggregationPeriod.MIN, "priceType" = PriceType.MARK) crosses below StandardDevChannel("price" = CLOSE, "deviations" = 2, "length" = 1)."LowerLine"


https://github.com/ConnorSmiley/UseThinkScript/blob/main/SDChannel crosses below

 

[Leo1710]

close("period" = AggregationPeriod.MIN, "priceType" = PriceType.MARK) crosses below StandardDevChannel("price" = CLOSE, "deviations" = 2, "length" = 1)."LowerLine"


https://github.com/ConnorSmiley/UseThinkScript/blob/main/SDChannel crosses below

Thank you, but unfortunately it didn't work.

I found this code.

input price = close;
input standardErrors = 2;
input fullRange = No;
input length = 21;
def regression;
def stdError;
if (fullRange) {
regression = InertiaAll(price);
stdError = sterrAll(price);
} else {
regression = InertiaAll(price, length);
stdError = sterrAll(price, length);
}
def UpperBand = regression + standardErrors * stdError;
def MiddleBand = regression;
def LowerBand = regression – standardErrors * stdError;
#---------- scan for when price crosses back above the lower band
plot scan = close[1] < LowerBand[1] and close > LowerBand;

However, I can't run the scan since it says "Error: Value must be greater than 2."

I need help please.

 

[moxiesmiley]

Thank you, but unfortunately it didn't work.

I found this code.

input price = close;
input standardErrors = 2;
input fullRange = No;
input length = 21;
def regression;
def stdError;
if (fullRange) {
regression = InertiaAll(price);
stdError = sterrAll(price);
} else {
regression = InertiaAll(price, length);
stdError = sterrAll(price, length);
}
def UpperBand = regression + standardErrors * stdError;
def MiddleBand = regression;
def LowerBand = regression – standardErrors * stdError;
#---------- scan for when price crosses back above the lower band
plot scan = close[1] < LowerBand[1] and close > LowerBand;

However, I can't run the scan since it says "Error: Value must be greater than 2."

I need help please.

Try this during market hours. If it doesn't work, send a message. I can't test it during after hours

plot scan = close("priceType" = PriceType.MARK) crosses StandardErrorChannel()."LowerBand";

 

[moxiesmiley]

I might try to scan with StandardErrorBands()."LowerBand", but im at work right now. Ill help later, it shouldn't be too difficult but I wonder why its not working

 

[moxiesmiley]

Try this:

plot scan = close("priceType" = PriceType.LAST) crosses StandardErrorBands()."LowerBand";

 

[Leo1710]

Try this:

plot scan = close("priceType" = PriceType.LAST) crosses StandardErrorBands()."LowerBand";

Thank you moxiesmiley!, it actually worked. I really appreciate your help.