[friva]

Good morning,

can somebody help me on this ?

I need some software that can show and automatically update regression lines on price charts. I need to see the regression line and the 4 parallel lines that are +/- 1* or 2* standard deviation.

Bloomberg has a function like that but subscription is too expensive.

In Bloomberg I can:
* click under "annotations" (the grey bar on top of a chart);
* select "regression";
* click on the chart where I want the regression to start;
* move the cursor rightward while keeping pressed the mouse rightbutton to a point on the screen that is past where the last price is;

When I release the mouse button the system shows the regression line and other 4 lines that are +/- *1 and *2 times standard deviation.
What's important is that the regression lines keep adjusting to new data as new prices flow in.

Do you know other charting software that can do that ? Updates in real time would be ideal but also updating once per minute would do.

(Reuters' I checked. You can only draw regression line but: 1) they do not update with new prices; 2) the +/- standard deviation lines do not show up)


Bloomberg is good to analyse charts, in my view.
Any of you know / can recommend charting software that is comparable to Bloomberg's, in your opinion ?

Thanks a milion for your help
all the best

Franco

[shrike]

HI Frank

I use Multicharts, with it you can easly make it . and much more .

there are a lot of built in functions that allow to do all statistics and math studies.

Ciao

[friva]

Thank u Shrike, I will check that out
take care

[Tams]

Originally Posted by friva »

Good morning,

can somebody help me on this ?

I need some software that can show and automatically update regression lines on price charts. I need to see the regression line and the 4 parallel lines that are +/- 1* or 2* standard deviation.
...Franco

pretty well any charting software can do it.

...tradestation, MultiCharts, Ninja, AmiBroker, NeoTicker, just to name a few.

[UrmaBlume]

We put regression bands around indicators as well as price - as per the chart below.

We use various indications to determine bias and then trade these bands as discussed here

[friva]

Hi Tams, thank you for ur reply I will check those names.

Ninja does updates regression lines real time but:

a) it's a trailing regression period (ie last "x" periods). I need a fixed starting time, instead.
b) it shows 3 lines only (Lower, Middle, Upper). To see 5 lines for example one needs to runs simultaneously two regressions over the same period setting two different width parameter.

Multichart's helpline just confirmed they do update automatically and the regressions can either be drawn manually or programmed with PowerLanguage.

Thank you again

Franco

[Tams]

Originally Posted by friva »

Hi Tams, thank you for ur reply I will check those names.

Ninja does updates regression lines real time but:

a) it's a trailing regression period (ie last "x" periods). I need a fixed starting time, instead.
b) it shows 3 lines only (Lower, Middle, Upper). To see 5 lines for example one needs to runs simultaneously two regressions over the same period setting two different width parameter.

Multichart's helpline just confirmed they do update automatically and the regressions can either be drawn manually or programmed with PowerLanguage.

Thank you again

Franco

any programmable charting software can be configured to do the analysis anyway you want, including Ninja.

you can see some MultiCharts charting examples here:

http://www.traderslaboratory.com/for...ycle-7072.html

35.62

http://www.traderslaboratory.com/for...yfit-7039.html

46.80

[friva]

thank you Tams, although that looks a bit beyond my capacity for me now it definitely provides good map signs.

For now I am looking to find a program that alows me to click on the chart (ie select the start of the regression period), move the mouse rightward and get regression lines that update in real time.
Please note that the start of the regression period must be fixed, ie I am not looking for a regression performed over the last "x" periods.

Among the names u named which one u think does that and is easy to use ?

Franco