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I have downloaded the polynominal regression channel and am unsure where to put it in my C: nt program file, and where it will show up. TIA for any help. RB
Interesting indicator, did not know that this exists for NinjaTrader, as I have never come across this thread. Thanks again for posting, I am quite sure that this can be exploited.
Thanks, checked it and understood. The channel is a retrofit, so it is constructed with hindsight. This slightly reduces its usefulness to predict future price action. Two charts of EURUSD below. Channel moved after two hours. Could be a good marketing tool for a selfmade guru.
But it should be possible to draw a polynomial regression channel that does not repaint. Do some smoothing. Problem will be the period, but maybe you could take several periods and take an average.
Platform: market delta, multicharts, no matter how hard i try not too, i still use ninjatrader
Broker: amp/zen
Trading: cl,6e,nq,tf
Posts: 128 since Oct 2009
Thanks Given: 268
Thanks Received: 27
Hey BM - Great chart - Was wondering if you have a ZIP file for what I think is the Mike_Super trend (16,1.4) indie... (the short red and blue line that follow the trend) - Thanks
Played around a little with the regression channel indicator of NinjaTrader.
It only plots at the very end of the chart.
Modified to plot everywhere on the chart
I have modified it a bit. If you now scroll your chart horizontally, you can see how it ploughs through the waves, heavily repainting to adjust its shape to current price action.
Basically I am trying to understand how ChartControl works and how I can use custom plots to draw lines.
The first version of this indicator is attached. Looking for other types of channels as well.
Fat, if we could do this with a modified version of Market Profile indicator then it could be a great way to see how the auction value moves during a day. Being able to stretch the channel (value area) and move it around, wow !
