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