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Date/Time: Mon, 06 May 2024 15:06:08 +0000



Linear Regression End Channel not right when set to calculate on bar close

View Count: 1450

[2014-08-05 00:09:06]
maxpi - Posts: 175
That tool will draw a channel that matches what the drawing tool will draw if it's not calculating on bar close. If it is calculating on bar close I can't get the drawing tool to match it..
[2014-08-05 09:07:53]
Sierra Chart Engineering - Posts: 104368
We are checking on this.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

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[2014-08-05 13:47:04]
Al SC Developer - Posts: 434
This will be addressed in ver 1170.

To make the tool and the study match:

* Calc On Close = No - The study will use the last N bar values to calculate the channel, and it is changing with updates to the bar. Draw the tool on the same N bars. The tool does not recalculate with bar updates, so it is a snapshot in time, so may not continue to match.

* Calc On Close = Yes - The study will use the prior N bar values (offset of one bar because final bar is not included) to calculate the channel. Draw the tool on the same N bars.

Note, be sure the option Chart Settings >> Advanced Settings >> Adjust Tool Values to Tick Size is disabled. If it is enabled, the channel could be slightly offset.
[2014-08-07 16:23:08]
maxpi - Posts: 175
line 1115 in Studies5 has to have the "-1" term removed.
[2014-08-11 05:39:40]
Sierra Chart Engineering - Posts: 104368
In the latest version the calculations should be correct.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
[2014-08-17 15:47:41]
maxpi - Posts: 175
I started running the latest version. The Endchannel study seems to be perfect but the linreg tool seems to have changed, I cannot get it to match the Endchannel. I checked and rechecked the settings of each, same input data, same setting for standard deviations, neither the slope nor the channel width match.
[2014-08-18 18:08:39]
maxpi - Posts: 175
The function for LinearRegression... I don't understand what exactly it does... can it be used to draw the typical linear regression line? It would be nice to have a function that returned all the values for a linear regression line or returned the variables for the ax +b formula.
[2014-08-19 15:51:56]
maxpi - Posts: 175
Ver 1174... The Linreg drawing tool draws the same no matter the choice for "calc based on" in the Tool Config
[2014-08-20 04:55:12]
Al SC Developer - Posts: 434
We have verified that the linear regression tool works correctly, and uses the "Calc Based On" config properly.

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