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Dear mladen,
I have attached the BDV mtf indicator that calculates the band distance variation on the Bollinger Bands.
Should be possible to code a similar indicator for the Standard Error Bands ? Any other idea for hilighting the variation of the standard error bands would be appreciated.
Thanks in advance , Andrea
Andrea
Here is a version that uses standard error instead of standard deviation
Dear malden,
many thanks for the indicator.
Maybe I'm wrong but according to the attached picture I was expecting the indicator ( current,21,1,100) to increase instead of decreasing as the standard error bands (current,21,3,close price,true) are still expanding.
I'm looking to an indicator that should higlight the compression or expansion of the standard error bands ( maybe a different type of calculation/indi ? ).
thanks, Andrea
Dear malden,
many thanks for the indicator.
Maybe I'm wrong but according to the attached picture I was expecting the indicator ( current,21,1,100) to increase instead of decreasing as the standard error bands (current,21,3,close price,true) are still expanding.
I'm looking to an indicator that should higlight the compression or expansion of the standard error bands ( maybe a different type of calculation/indi ? ).
thanks, Andrea
The calculation for the standard error is exactly the same as in standard error bands. If you are using the same price and same period, those are exactly the same. There is no deviation from that (as you can check from the code, the code that calculates the standard error is exactly the same and there can not be difference for same parameters).
Just make sure that in the error bands you use close (since it is fixed in the "bstandard error" to close), and make sure to use 0 in the "StartBar" and 1 for "RangeBars" in the "bstandard error" indicator or else you are going to get a "RangeBars" average standard error starting from "StartBar"s ago and then you can not compare the two, but even then you can not compare the two (due to the formula used to "normalize" the average standard error to the values you are seeing)
Dear malden,
many thanks for the indicator.
Maybe I'm wrong but according to the attached picture I was expecting the indicator ( current,21,1,100) to increase instead of decreasing as the standard error bands (current,21,3,close price,true) are still expanding.
I'm looking to an indicator that should higlight the compression or expansion of the standard error bands ( maybe a different type of calculation/indi ? ).
thanks, Andrea
PS: for the sake of clear comparison - this is the clean standard error that should be used for comparison with bands. It is not calculating the distance variation on the Bollinger Bands using standard error, but is showing just the standard error - nothing else
PS: for the sake of clear comparison - this is the clean standard error that should be used for comparison with bands. It is not calculating the distance variation on the Bollinger Bands using standard error, but is showing just the standard error - nothing else
dear mladen,
many thanks for your explanation.
I have found on the net the attached indicator ( Linear Regression Slope ) but it appears to be useless as it's plotting values in the past as per the attached photo.
Is it possible to fix it ?
Thanks in advance,
Andrea
dear mladen,
many thanks for your explanation.
I have found on the net the attached indicator ( Linear Regression Slope ) but it appears to be useless as it's plotting values in the past as per the attached photo.
Is it possible to fix it ?
Thanks in advance,
Andrea
I don't know who made the "conversion" to new metatrader 4, but I am sure as hell that it was not gpwr (he would not have made such a nonsense - the values are completely inverted - past values are displayed in the future and vice versa, for one). Anyway, the correct version attached
Regression average posted here : https://www.mql5.com/en/forum/180002/page60
Linear regression sketcher, latest version, posted here : https://www.mql5.com/en/forum/186064/page35
Linear regression sketcher with filters on prices posted here : https://www.mql5.com/en/forum/186064/page37
Linear regression sketcher with filters on prices posted here : https://www.mql5.com/en/forum/186064/page37