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Standard Deviation Channel

Last post 02-16-2007, 21:56 by wabbit. 6 replies.
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  •  01-09-2006, 14:27 13722

    Standard Deviation Channel

    In metastock help there is a formula called “Standard Deviation Channel”

    But although there is an Interpretation for this formula, there is no indicator! :oops:

    Does someone know where I can find it? #-o
  •  01-09-2006, 16:58 13733 in reply to 13722

    Re: Standard Deviation Channel

    Try the LinReg Trendline indicator from MetaStockTools.com:
    "Linear Regression Trendline with Standard Deviation/Error Channels/Bands, date-adjustable."


    jose '-)
    MetaStockTools.com
  •  01-14-2006, 6:45 13958 in reply to 13722

    Re: Standard Deviation Channel

    Thank you very much Jose, but is not what I mend :oops:

    I probably didn’t express it well. :?

    In a sample of prices, if we have a normal distribution and the standard deviation is 1, this means that contains the 67% of the prices. If the standard deviation is 2, this means that contains the 95% of the prices. If the standard deviation is 3, this will contain the 99% of the prices.

    I want an indicator, like bollinger bands, who will separate the prices (of rsi for example). If I put standard deviation 2, I will like to separate about the 95% of most common prices and the about 5% of the most extreme prices.
    I don’t think is the fair to indicate the oversold prices of rsi if are above 70 or any other stable digit.
    Some stocks find 70 very often and some others very rare or not at all.

    I hope with this indicator that I ask, find the really extreme lever for each stock. :twisted:


    If the is an other indicator which saws us if we have a normal distribution or not it is welcome too =D>
  •  01-14-2006, 11:43 13959 in reply to 13722

    Re: Standard Deviation Channel

    Sounds to me like you're after Bollinger bands.


    jose '-)
    MetaStockTools.com
  •  01-14-2006, 12:06 13960 in reply to 13722

    Re: Standard Deviation Channel

    :omg: :mrgnr:
  •  02-16-2007, 17:34 22968 in reply to 13958

    Re: Standard Deviation Channel

    Hi PANTITS,

    I don't know if I've interpreted your desire correctly, but it sounds like you wish to adjust the RSI indicator based on a volatility type indications, such as Standard Deviations.  If I'm wrong I apologize for wasting your time, but Equis' best formula-writer wrote a Trader's Tip for an article in Stocks & Commodities Magazine some time back.  I was able to find it by searching the magazine's web site.  Here's the link:

    http://www.traders.com/Documentation/FEEDbk_docs/Archive/022006/TradersTips/TradersTips.html#metastock

    Hope this helps.

    As you're appear to be interested in channels, you may wish to visit by Blog:

    http://channelchallenges.blogspot.com/2007_01_01_archive.html

    OnWordGo

     


    OnWordGo
    ERRC's Dad
  •  02-16-2007, 21:56 22986 in reply to 22968

    Re: Standard Deviation Channel

    Hi pantits,

    Maybe you are looing for something akin to this?

    http://forum.equis.com/forums/thread/13897.aspx

    Hope this helps.

    wabbit Big Smile [:D]



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