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R2(d,p)
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R2(d,p)
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Name Description Parameter 1 Parameter 2 Returns Comment Example
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R2-koefficient for linear regression Returns the deviation for a straight line through dataseries d for p periods back Dataseries, reference back in dataseries or return value from other function returning dataseries Periods Dataseries with deviation 0.0-1.0 for calculated line Function LinReg() is used to obtain the lines last point MULT(R2(C,10),100) gives the deviation between 0-100 for the points of dataseries 10 periods of Close A way to measure the quality of a trend. 1=high coherence of price trend and line. |
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Tips for graphics |
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Placement Scaling Show as flag |
Price bars if stand alone function. Otherwise any. 0-100 if multiplied by 100 as shown in example above No |