LR trend

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Mladen Rakic
153842
Mladen Rakic  

A combination of linear regression slope and its offspring RSquared

Gray dots on indicator : trend is not confirmed by RSquared (no trend)

updated version posted here: https://www.forex-tsd.com/forum/debates-discussions/9164-lr-trend#comment_764107

Files:
fxbs
3203
fxbs  

hi, Mladen!

glad to see you!

can you tell (normally) how's Rsq. formula works (what behind the logic)?

Files:
Mladen Rakic
153842
Mladen Rakic  

...

Attached a pdf that does a quite good job with explaining how RSquared works (pdf is not mine of course )

fxbs:
hi, Mladen!

glad to see you!

can you tell (normally) how's Rsq. formula works (what behind the logic)?
Michel
476
Michel  

Hi Mladen,

Thanks to share the source of good stuff for free ! (despite what is happening in the forum now).

Your indic is very well writen and structured ! Bravo!

fxbs
3203
fxbs  

very interesting, Mladen, thank you!

"Stocks & Commodities V16:4 (173-179): Identifying Market Trends by Jack Karczewski

Linear regression is a statistical technique that fits a straight line to a datastream. The datastream is an independent variable versus a dependent variable. In this case, the independent variable is time and the dependent variable is price. This data is generally viewed in a scatter diagram, but here, we use traditional price charts with just the closing price plotted on the y-axis, and the x-axis being time. A straight line is fitted so the distance is minimized between the predicted line and the data, a technique referred to as least squares. The name comes from the use of squaring the differences between the line and the data points.

Some very valuable statistics are a byproduct of linear regression analysis: r-squared or the coefficient of determination, the standard error of the estimate, the slope of the line and finally a prediction.

This statistic informs us how well the line explains the data; the parameters for this statistic are zero and 1. A reading of zero indicates that the dependent variable has no linear relationship to the independent variable, while an r-squared reading of 1 indicates that the line explained the data exactly. High readings indicate good trends and low readings denote a nontrending or ranging market.

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p.s. and thx 4 S&C - interesting, especially in the end

btw. do we have r-squared thread?

Rsq ind - just in case

Files:
rsq3.jpg 81 kb
fxbs
3203
fxbs  

LR Rsquared Trend:

LRS & R2 - perfect match; naturally belonged together - good idea and a good taste (and design...) - congratulations, Mladen!

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bb squeeze added to LR_trend_histo (just because & 2 have a bit disharmony )

kemalzafer
99
kemalzafer  
fxbs:
LR Rsquared Trend:

LRS & R2 - perfect match; naturally belonged together - good idea and a good taste (and design...) - congratulations, Mladen!

----

bb squeeze added to LR_trend_histo (just because & 2 have a bit disharmony )

where can ı find mtf LR-trend indicator? Thanks...

Vlad Vahnovanu
383
Vlad Vahnovanu  

From where can I download the original indicator LR trend?Please help me!

Mladen Rakic
153842
Mladen Rakic  

Re-uploaded the indicator code to the first post

regards

mladen

vladv:
From where can I download the original indicator LR trend?Please help me!
Vlad Vahnovanu
383
Vlad Vahnovanu  

Thanks a lot!

EthanHunt
214
EthanHunt  
mladen:
Re-uploaded the indicator code to the first post

regards

mladen

Thank you very much mladen...

Cheers

Ethan Hunt

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