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Linear Regression Reversal System
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| Added: February 09, 2007 |
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MetaStock, system
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Barbara Star's, "Trade the Swing Price" uses a 5-period linear regression
indicator as the basis for buy and sell signals. The formulas for the reversal
indicator and the system based on it are below.
Here is the system test to go with it. To add this to MetaStock; open the system
tester. Click New and enter the name of the test. Then enter the following formula
in the respective areas. Please note, MetaStock 8.0 will have a slightly different
name for these areas, but the formulas are the same. Also, the article suggested
a trailing stop for the exit conditions, but did not recommend how tight to
set the stop. Therefore, this tip makes not recommendation. After entering the
formulas, click on stops and enable the trailing stop for both long and short
positions. Set the trailing stop at a value you are comfortable with and click
Okay. The system test is now ready to use.
William Golson
Equis International
Code:
Linear Regression Reversal System
Enter Long:
LRR:=If( LinearReg(C,5)>(Ref( LinearReg(C,5),-1)),+1, If( LinearReg(C,5)<(Ref(LinearReg(C,5),-1)),-1,0));
Ref(LRR,-1)=1 AND C> Ref(C,-1)
Enter Short:
LRR:=If( LinearReg(C,5)>(Ref( LinearReg(C,5),-1)),+1, If( LinearReg(C,5)<(Ref(LinearReg(C,5),-1)),-1,0));
Ref(LRR,-1)=-1 AND C< Ref(C,-1)
Author: Barbara Star
Source: http://www.equis.com
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