Wednesday, July 26, 2006
Technical Indicators
Linear Regression Indicator
Read More...The Linear Regression Indicator plots the trend of a security's price over time. That trend is determined by calculating a Linear Regression Trendline using the least squares method. This ensures the minimum distance between the data points and a Linear Regression Trendline.
Unlike the straight Linear Regression Trendline, the Linear Regression indicator plots the ending values of multiple Linear Regression trendlines. Any point along the Linear Regression Indicator will be equal to the ending value of a Linear Regression Trendline, but the result looks more like a Moving Average...
Unlike the straight Linear Regression Trendline, the Linear Regression indicator plots the ending values of multiple Linear Regression trendlines. Any point along the Linear Regression Indicator will be equal to the ending value of a Linear Regression Trendline, but the result looks more like a Moving Average...