Knowledgebase:
LinearRegressionForecast
Posted by Mohammad Rahhal, Last modified by Rawan Al Hourani on 16 June 2016 09:46 AM

Syntax

Public Function LinearRegressionForecast(chart_ID As Long,applyTo As ENUM_APPLIED_PRICE,period As Integer) As String

Linear regression analysis is the most widely used of all statistical techniques: it is the study of linear, additive relationships between variables. 

Parameters

Key Description 
chart_ID Chart identifier, 0 is the current chart ,value of type Long
applyTo Applied price , can be one of the ENUM_APPLIED_PRICE.
period The calculation period, on which the indicator will be calculated, value of type Integer.

Return value

Returns the handles of a technical indicator, in case of failure returns an empty string.

Sample

Public Sub main()

AlertMessage (LinearRegressionForecast(0,PRICE_CLOSE,9))

'Draws the indicator on chart and shows a message box with the indicator name.

End Sub


See Also


Back to VTL Client Script Index

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