I have no clue how to upload the indicator so I'll just post the coding.

[LegacyColorValue = true];
{Updated by DJ Reda on Sat 4/16/05
Added option to use either Standard Deviation or Standard Error of Estimate to plotchannel bands}
{ // Note: Setting a begin date that is earlier than the amount of length for the regression
will produce an extend to the left model that is date and time restricted
The End Date must not be in the future // }

inputs:
STD1_SEE2(2),
Length ( 50), { // Length of Linear Regression // }
Size(1),//Trend Line Thickness
BeginDate ( 0), { // Choose Zero to use full length // }
BeginTime ( 0), { // Choose Zero to use full time // }
EndDate ( 0), { // Choose Zero for Current Day // }
EndTime ( 0), { // Choose Zero for Current Time // }
NumDevsUp ( 2), { // Standard deviations for upper // }
NumDevsDn ( -2), { // Standard deviations for lower // }
LRColor ( Green), { // Color for Linear Regression Line // }
STDDevColor( Magenta), { // Color for Upper Boundary // }
SEEColor(Magenta) , { // Color for Lower Boundary // }
ExtRight ( false), { // Set to true to extend to right // }
ExtLeft ( false); { // Set to true to extend to left // }

variables:
FirstDate ( 0 ),
FirstTime ( 0 ),
UpperBand ( 0 ),
LowerBand ( 0 ),
UpperBand_1 ( 0 ),
LowerBand_1 ( 0 ),
LRV ( 0 ),
LRV_1 ( 0 ),
TL_LRV ( 0 ),
TL_UB ( 0 ),
TL_LB ( 0 ),
Flag ( 0 ),
SDev ( 0 );


if BeginDate = 0 then
FirstDate = date[ Length - 1 ]
else
FirstDate = BeginDate;

if BeginTime = 0 then
FirstTime = time[ Length - 1 ]
else
FirstTime = BeginTime;


{ ///////////////////////////////////////////////////////////////////// }

if Flag = 0 then
begin
if ( EndDate = CurrentDate or EndDate = 0 ) and LastBarOnChart then
begin
LRV = LinearRegValue( Close, Length, 0 );
LRV_1 = LinearRegValue( Close, Length, Length - 1 );
{++++++++New Code to Choose between plotting Std Dev or Std Error++++++}
If STD1_SEE2 = 1 then
SDev = StandardDev( Close, Length, 1 );
If STD1_SEE2 = 2 then begin //use Standard Error of Estimate
Value1 = StdError(Close, Length);
SDEV = Value1;
end;
{++++++++End New Code++++++}

UpperBand = LRV + NumDevsUp * SDev;
LowerBand = LRV + NumDevsDn * SDev;
UpperBand_1 = LRV_1 + NumDevsUp * SDev;
LowerBand_1 = LRV_1 + NumDevsDn * SDev;

TL_LRV = TL_New( FirstDate, FirstTime, LRV_1, date, time, LRV );
TL_UB = TL_New( FirstDate, FirstTime, UpperBand_1, date, time, UpperBand );
TL_LB = TL_New( FirstDate, FirstTime, LowerBand_1, date, time, LowerBand );

Flag = 1 ;
end
else if date = EndDate and ( time = EndTime or EndTime = 0 ) then
begin
LRV = LinearRegValue( Close, Length, 0 );
LRV_1 = LinearRegValue( Close, Length, Length - 1 );

{++++++++New Code to Choose between plotting Std Dev or Std Error++++++}
If STD1_SEE2 = 1 then
SDev = StandardDev( Close, Length, 1 );
If STD1_SEE2 = 2 then begin //use Standard Error of Estimate
Value1 = StdError(Close, Length);
SDEV = Value1;
end;
{++++++++End New Code++++++}

UpperBand = LRV + NumDevsUp * SDev;
LowerBand = LRV + NumDevsDn * SDev;
UpperBand_1 = LRV_1 + NumDevsUp * SDev;
LowerBand_1 = LRV_1 + NumDevsDn * SDev;

TL_LRV = TL_New( FirstDate, FirstTime, LRV_1, date, time, LRV );
TL_UB = TL_New( FirstDate, FirstTime, UpperBand_1, date, time, UpperBand );
TL_LB = TL_New( FirstDate, FirstTime, LowerBand_1, date, time, LowerBand );

Flag = 2;
end;

if Flag = 1 or Flag = 2 then
begin
TL_SetColor( TL_LRV, LRColor );
If STD1_SEE2 = 1 then begin
TL_SetColor( TL_UB, STDDevColor );
TL_SetColor( TL_LB, STDDevColor );
end;
If STD1_SEE2 = 2 then begin
TL_SetColor( TL_UB, SEEColor );
TL_SetColor( TL_LB, SEEColor );
end;

TL_SetSize(TL_LRV, size);
TL_SetSize(TL_UB, size);
TL_SetSize(TL_LB, size);

TL_SetExtLeft( TL_LRV, ExtLeft );
TL_SetExtLeft( TL_UB, ExtLeft );
TL_SetExtLeft( TL_LB, ExtLeft );


TL_SetExtRight( TL_LRV, ExtRight );
TL_SetExtRight( TL_UB, ExtRight );
TL_SetExtRight( TL_LB, ExtRight );
end;

end
else
if Flag = 1 then
begin
LRV = LinearRegValue( Close, Length, 0 );
LRV_1 = LinearRegValue( Close, Length, Length - 1 );

{++++++++New Code to Choose between plotting Std Dev or Std Error++++++}
If STD1_SEE2 = 1 then
SDev = StandardDev( Close, Length, 1 );
If STD1_SEE2 = 2 then begin //use Standard Error of Estimate
Value1 = StdError(Close, Length);
SDEV = Value1;
end;
{++++++++End New Code++++++}

UpperBand = LRV + NumDevsUp * SDev;
LowerBand = LRV + NumDevsDn * SDev;
UpperBand_1 = LRV_1 + NumDevsUp * SDev;
LowerBand_1 = LRV_1 + NumDevsDn * SDev;

TL_SetBegin( TL_LRV, FirstDate, FirstTime, LRV_1 );
TL_SetBegin( TL_UB, FirstDate, FirstTime, UpperBand_1 );
TL_SetBegin( TL_LB, FirstDate, FirstTime, LowerBand_1 );

TL_SetEnd( TL_LRV, date, time, LRV );
TL_SetEnd( TL_UB, date, time, UpperBand );
TL_SetEnd( TL_LB, date, time, LowerBand );
end;

{ // Code modified from tradestation indicator of LinearRegLine
by
Greg Ballard, 04/09/2003 // }


This indicator was sent to me from Pat B. from TTM

LRC

I'd attach some screen shots of how I use the LRC, but I have no clue what I'm doing.

[daedalus]

Would there anyway to modify this to allow it to be backtested? Just was curious!

[email]

Hi Guys,

I am not very good at all with paisting indicators in multicharts, can someone please tell me how to copy and past that code into multicharts or maybe post the indicator.
Many thanks,
email

[Tams]

Originally Posted by email »

Hi Guys,
I am not very good at all with paisting indicators in multicharts, can someone please tell me how to copy and past that code into multicharts or maybe post the indicator.
Many thanks,
email

Open PowerEditor,

select File > New

enter indicator name,

paste in code.

click Compile

[email]

Originally Posted by Tams »

Open PowerEditor,

select File > New

enter indicator name,

paste in code.

click Compile

Tams,

Done, and it works. Many thanks Sir.

[alkha]

dear
I am not very good at all with paisting indicators in multicharts, could someone please just post the indicator.( EazyLanguageDocumenFile)

thank you very much

[aaa]

************************* **

Here it is

[Tams]

.......... .......... Lol

[alkha]

dear traders
I am very bad at all with paisting indicators in multicharts, could someone please just post the indicator.( EazyLanguageDocumen File)

thank you very much