LSMA_Channel.efs – EFS

LSMA_Channel.efs

File Name: LSMA_Channel.efs

Description:
Calculates the Least Square Moving Average (LSMA)off the high and also off the low to create a channel.

Formula Parameters:
HiLength - Defines the length of the LSMA off the High. Default is 25.
LoLength - Defines the length of the LSMA off the Low. Default is 25.
HiOffset - Defines how offset the LSMA(High) is. Default is 0.
LoOffset - Defines how offset the LSMA(Low) is. Default is 0.
HiColor - Defines the color of the LSMA(High). Default is blue.
LoColor - Defines the color of the LSMA(Low). Default is red.

Notes:
NA

Download File:
LSMA_Channel.efs

EFS Code:

/*************************Copyright � eSignal, 2003**************************Description: Calculates the Least Square Moving Average (LSMA)off the high and also off the low to create a channel.Version Control:*/function preMain(){    setPriceStudy(true);        setStudyTitle("LSMA Channel");    setCursorLabelName("LSMA Hi",0);    setCursorLabelName("LSMA Lo",1);    setDefaultBarThickness(2,0);    setDefaultBarThickness(2,1);        var fp1 = new FunctionParameter("HiLength", FunctionParameter.NUMBER);    fp1.setName("Length of LSMA(High)");	fp1.setDefault(25);		var fp2 = new FunctionParameter("LoLength", FunctionParameter.NUMBER);	fp2.setName("Length of LSMA(Low)");	fp2.setDefault(25);		var fp3 = new FunctionParameter("HiOffset", FunctionParameter.NUMBER);    fp3.setName("Offset of LSMA(High)");	fp3.setDefault(0);		var fp4 = new FunctionParameter("LoOffset", FunctionParameter.NUMBER);	fp4.setName("Offset of LSMA(Low)");	fp4.setDefault(0);		var fp5 = new FunctionParameter("HiColor", FunctionParameter.COLOR);	fp5.setName("Color of LSMA(High)");	fp5.setDefault(Color.blue);		var fp6 = new FunctionParameter("LoColor", FunctionParameter.COLOR);	fp6.setName("Color of LSMA(Low)");	fp6.setDefault(Color.red);}var aHigh = null;var aLow = null;var aHiLSMA = null;var aLoLSMA = null;var vInit = false;var LSMA_Array = new Array();function main(HiLength,LoLength,HiOffset,LoOffset,HiColor,LoColor){    if (vInit == false) {        aHigh = new Array(HiLength);        aLow = new Array(LoLength);        aHiLSMA = new Array(HiLength);        aLoLSMA = new Array(LoLength);        setDefaultBarFgColor(HiColor,0);        setDefaultBarFgColor(LoColor,1);        preMain();              vInit = true;    }        vHigh = high();    vLow = low();        if (vHigh == null) return;    if (vLow == null) return;        if (getBarState() == BARSTATE_NEWBAR) {        if (aHigh[HiLength-1] != null) aHigh.pop();        aHigh.unshift(vHigh);        if (aLow[LoLength-1] != null) aLow.pop();        aLow.unshift(vLow);    }      aHigh[0] = vHigh;    aLow[0] = vLow;        if (aHigh[HiLength-1] == null || aLow[LoLength-1] == null) return;        // get LSMA values and assign to arrays    var vHiLSMA = getLSMA(aHigh, HiLength);    var vLoLSMA = getLSMA(aLow, LoLength);        if (getBarState() == BARSTATE_NEWBAR) {        if (aHiLSMA[HiLength-1] != null) aHiLSMA.pop();            aHiLSMA.unshift(vHiLSMA);        if (aLoLSMA[LoLength-1] != null) aLoLSMA.pop();            aLoLSMA.unshift(vLoLSMA);    }        aHiLSMA[0] = vHiLSMA;    aLoLSMA[0] = vLoLSMA;    return new Array (aHiLSMA[HiOffset], aLoLSMA[LoOffset]);}// ------------------------------------// Get a LSMA valuefunction getLSMA(aPrice, nLength) {    var Num1 = 0.0;    var Num2 = 0.0;    var SumBars = nLength * (nLength - 1) * 0.5;    var SumSqrBars = (nLength - 1) * nLength * (2 * nLength - 1) / 6;    var SumY = 0.0;    var Sum1 = 0.0;    var Sum2 = 0.0;    var Slope = 0.0;    var Intercept = 0.0;        for (i = 0; i < nLength; ++i) {        SumY += aPrice[i];        Sum1 += i * aPrice[i];    }    Sum2 = SumBars * SumY;    Num1 = nLength * Sum1 - Sum2;    Num2 = SumBars * SumBars - nLength * SumSqrBars;    if (Num2 != 0) Slope = Num1 / Num2;    Intercept = (SumY - Slope * SumBars) / nLength;    var LinearRegValue = Intercept + Slope * (nLength - 1);    return LinearRegValue;}