LR trend

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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:
lr_trend.gif  15 kb
lr_trend_histo.mq4  10 kb
 

hi, Mladen!

glad to see you!

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

Files:
bb_sq_lr_trend.gif  17 kb
 

...

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)?
 

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!

 

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
r-squared_v1.mq4  4 kb
 

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 )

 
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...

 

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

 

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!
 

Thanks a lot!

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

regards

mladen

Thank you very much mladen...

Cheers

Ethan Hunt

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