R- Squared indicator simple modification

The Objective of Coding/Modifying R-squared is for the following reasons

1. Graphically show mode with words. Ex => Ascending/Descending

2. Calculate Average of selected time frames, and determine, if on average(By adding the values of selected time frames, and dividing by the # of time frames selected, and if Critical value meets 95% confidence, Display if  R-squared is ascending or descending, for selected time frames on average, regardless of what time frame indicator is attached too.

3. If only a single time frame is selected, then show/display indicator output for selected time frame ,only if Critical Value has 95% confidence=> Ascending/Descending

4. Be able to determine Reversal

• You may even consider opening a short-term position opposite the prevailing trend when you observe r-squared rounding off at extreme levels.  For example, if the slope is positive and  r-squared is above 0.80 and begins to turn down, you may consider selling or opening a short position.

• If reversal is occurring => Display in Words and arrows to display in which direction, the reversal is going to happen or is happening.

5. This table shows the values of r-squared required for a 95% confidence level at various time periods.  If the r-squared value is less than the critical values shown, you should assume that prices show no statistically significant trend.

Number ofPeriods      r-squaredCritical Value(95%confidence):

   5             0.77

   10            0.40

   14            0.27

   20            0.20

   25            0.16

   30            0.13

   50            0.08

   60            0.06

   120           0.03

* Let the # periods and critical values are also customizable by user input.

6) When R-squared is >= .75, on a selected timeframe,  display Caution. If more than one time frame is selected, take the average value of the selected time frames, and if >= .75, then display Caution. Let User be able to input Values