[blackcat] L1 Jon Andersen Standard Error Bands

11 thg 6, 2021

Level: 1

Background

The standard error bands created by Jon Andersen in "Standard error bands" in the September 1996 STOCKS & COMMODITIES.

Function

This script calculates the beta and alpha coefficients of the linear regression. First, it creates the calcB and calcA functions, which refer to the beta and alpha coefficients. Create calcB first, then calcA. These functions are used in calculating the regression coefficients for the standard error bands. In This standard error bands indicator, the "Length" value specifies the period of the linear regression line; the default is 21. The SDeg value specifies the smoothing factor that is used to smooth the linear regression and standard error bands; the default is 3.


Key Signal

LinRegS --> standard error bands center line
LinRegS + SErr --> standard error bands upper line
LinRegS - SErr --> standard error bands lower line

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Remarks

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Readme

In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.

The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.

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