Knowledgebase:
LineArregressionRSquared
Posted by Mohammad Rahhal, Last modified by Rawan Al Hourani on 16 June 2016 09:49 AM

Syntax

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

Linear Regression R-Squared is an indicator which is used to ascertain the strength of the dominant market trend.

It is one of the indicators calculated by using the Linear Regression technique.

This indicator is used to determine the intensity of the rise or fall of the market trend. R-squared provides a means of quantifying the strength of the trend

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 (LineArregressionRSquared(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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