I do not see a whole lot of utility in the starc in the MP style that I am learning and executing (notice i have not used the word system). I think the bols are much better as well. I have thrown the price channel on the my chart to take a look 
Back to the LRC’s, I know someone on here was questioning the use of LRC. For me, unless I have some major reason I tend to prefer an autodrawn LRC. Since the last time i have posted this I have updated the short term AutoLRC tool I use. I changed the level from 2.10 to 2.38 and like the length of 34 candles for the short term LRC. For long term LRC’s I like 80 candles. MP any comment on your preferred timing?
Since its been a while since I posted it here, this is my modified AutoLRC tool. The main difference from the original is the lack of intermediate bands.
//+------------------------------------------------------------------+
//| Linear Regression.mq4 |
//| Copyright � 2006, tageiger, aka [email protected] |
//| http://www.metaquotes.net
//Updated by Husky for my needs |
//+------------------------------------------------------------------+
#property copyright "Copyright � 2006, tageiger, aka [email protected]"
#property link "http://www.metaquotes.net"
#property indicator_chart_window
extern int period=0;
/*default 0 means the channel will use the open time from "x" bars back on which ever time period
the indicator is attached to. one can change to 1,5,15,30,60...etc to "lock" the start time to a specific
period, and then view the "locked" channels on a different time period...*/
extern int line.width=1;
extern int LR.length=34; //default
extern color LR.c=Orange;
extern double std.channel.1=2.38; // 1st channel
extern color c.1=Orange;
extern double std.channel.2=2.38; // 2nd channel
extern color c.2=Orange;
extern double std.channel.3=2.38; // 3nd channel
extern color c.3=Orange;
int init(){return(0);}
int deinit(){ ObjectDelete(period+"m "+LR.length+" TL");
ObjectDelete(period+"m "+LR.length+" +"+std.channel.1+"d"); ObjectDelete(period+"m "+LR.length+" -"+std.channel.1+"d");
//ObjectDelete(period+"m "+LR.length+" +"+std.channel.2+"d"); ObjectDelete(period+"m "+LR.length+" -"+std.channel.2+"d");
//ObjectDelete(period+"m "+LR.length+" +"+std.channel.3+"d"); ObjectDelete(period+"m "+LR.length+" -"+std.channel.3+"d");
return(0);}
int start(){//refresh chart
ObjectDelete(period+"m "+LR.length+" TL");
ObjectDelete(period+"m "+LR.length+" +"+std.channel.1+"d"); ObjectDelete(period+"m "+LR.length+" -"+std.channel.1+"d");
//ObjectDelete(period+"m "+LR.length+" +"+std.channel.2+"d"); ObjectDelete(period+"m "+LR.length+" -"+std.channel.2+"d");
//ObjectDelete(period+"m "+LR.length+" +"+std.channel.3+"d"); ObjectDelete(period+"m "+LR.length+" -"+std.channel.3+"d");
//linear regression calculation
int start.bar=LR.length, end.bar=0;
int n=start.bar-end.bar+1;
//---- calculate price values
double value=iClose(Symbol(),period,end.bar);
double a,b,c;
double sumy=value;
double sumx=0.0;
double sumxy=0.0;
double sumx2=0.0;
for(int i=1; i<n; i++)
{
value=iClose(Symbol(),period,end.bar+i);
sumy+=value;
sumxy+=value*i;
sumx+=i;
sumx2+=i*i;
}
c=sumx2*n-sumx*sumx;
if(c==0.0) return;
b=(sumxy*n-sumx*sumy)/c;
a=(sumy-sumx*b)/n;
double LR.price.2=a;
double LR.price.1=a+b*n;
//---- maximal deviation calculation (not used)
double max.dev=0;
double deviation=0;
double dvalue=a;
for(i=0; i<n; i++)
{
value=iClose(Symbol(),period,end.bar+i);
dvalue+=b;
deviation=MathAbs(value-dvalue);
if(max.dev<=deviation) max.dev=deviation;
}
//Linear regression trendline
ObjectCreate(period+"m "+LR.length+" TL",OBJ_TREND,0,iTime(Symbol(),period,start.bar),LR.price.1,Time[end.bar],LR.price.2);
ObjectSet(period+"m "+LR.length+" TL",OBJPROP_COLOR,LR.c);
ObjectSet(period+"m "+LR.length+" TL",OBJPROP_WIDTH,line.width);
ObjectSet(period+"m "+LR.length+" TL",OBJPROP_RAY,false);
//...standard deviation...
double x=0,x.sum=0,x.avg=0,x.sum.squared=0,std.dev=0;
for(i=0; i<start.bar; i++) {
x=MathAbs(iClose(Symbol(),period,i)-ObjectGetValueByShift(period+"m "+LR.length+" TL",i));
x.sum+=x;
if(i>0) {
x.avg=(x.avg+x)/i;
x.sum.squared+=(x-x.avg)*(x-x.avg);
std.dev=MathSqrt(x.sum.squared/(start.bar-1)); } }
//Print("LR.price.1 ",LR.price.1," LR.Price.2 ",LR.price.2," std.dev ",std.dev);
//...standard deviation channels...
ObjectCreate(period+"m "+LR.length+" +"+std.channel.1+"d",OBJ_TREND,0,iTime(Symbol(),period,start.bar),LR.price.1+std.dev*std.channel.1,
Time[end.bar],LR.price.2+std.dev*std.channel.1);
ObjectSet(period+"m "+LR.length+" +"+std.channel.1+"d",OBJPROP_COLOR,c.1);
ObjectSet(period+"m "+LR.length+" +"+std.channel.1+"d",OBJPROP_WIDTH,line.width);
ObjectSet(period+"m "+LR.length+" +"+std.channel.1+"d",OBJPROP_RAY,false);
ObjectCreate(period+"m "+LR.length+" -"+std.channel.1+"d",OBJ_TREND,0,iTime(Symbol(),period,start.bar),LR.price.1-std.dev*std.channel.1,
Time[end.bar],LR.price.2-std.dev*std.channel.1);
ObjectSet(period+"m "+LR.length+" -"+std.channel.1+"d",OBJPROP_COLOR,c.1);
ObjectSet(period+"m "+LR.length+" -"+std.channel.1+"d",OBJPROP_WIDTH,line.width);
ObjectSet(period+"m "+LR.length+" -"+std.channel.1+"d",OBJPROP_RAY,false);
// ObjectCreate(period+"m "+LR.length+" +"+std.channel.2+"d",OBJ_TREND,0,iTime(Symbol(),period,start.bar),LR.price.1+std.dev*std.channel.2,
// Time[end.bar],LR.price.2+std.dev*std.channel.2);
// ObjectSet(period+"m "+LR.length+" +"+std.channel.2+"d",OBJPROP_COLOR,c.2);
// ObjectSet(period+"m "+LR.length+" +"+std.channel.2+"d",OBJPROP_WIDTH,line.width);
// ObjectSet(period+"m "+LR.length+" +"+std.channel.2+"d",OBJPROP_RAY,false);
//ObjectCreate(period+"m "+LR.length+" -"+std.channel.2+"d",OBJ_TREND,0,iTime(Symbol(),period,start.bar),LR.price.1-std.dev*std.channel.2,
// Time[end.bar],LR.price.2-std.dev*std.channel.2);
// ObjectSet(period+"m "+LR.length+" -"+std.channel.2+"d",OBJPROP_COLOR,c.2);
// ObjectSet(period+"m "+LR.length+" -"+std.channel.2+"d",OBJPROP_WIDTH,line.width);
// ObjectSet(period+"m "+LR.length+" -"+std.channel.2+"d",OBJPROP_RAY,false);
// ObjectCreate(period+"m "+LR.length+" +"+std.channel.3+"d",OBJ_TREND,0,iTime(Symbol(),period,start.bar),LR.price.1+std.dev*std.channel.3,
// Time[end.bar],LR.price.2+std.dev*std.channel.3);
// ObjectSet(period+"m "+LR.length+" +"+std.channel.3+"d",OBJPROP_COLOR,c.3);
// ObjectSet(period+"m "+LR.length+" +"+std.channel.3+"d",OBJPROP_WIDTH,line.width);
// ObjectSet(period+"m "+LR.length+" +"+std.channel.3+"d",OBJPROP_RAY,false);
// ObjectCreate(period+"m "+LR.length+" -"+std.channel.3+"d",OBJ_TREND,0,iTime(Symbol(),period,start.bar),LR.price.1-std.dev*std.channel.3,
// Time[end.bar],LR.price.2-std.dev*std.channel.3);
// ObjectSet(period+"m "+LR.length+" -"+std.channel.3+"d",OBJPROP_COLOR,c.3);
// ObjectSet(period+"m "+LR.length+" -"+std.channel.3+"d",OBJPROP_WIDTH,line.width);
// ObjectSet(period+"m "+LR.length+" -"+std.channel.3+"d",OBJPROP_RAY,false);
return(0);}
//+------------------------------------------------------------------+
