r squared formula?

This is a discussion on r squared formula? within the Trading Software forums, part of the Commercial category; does anyone know the formula for the r squared indicator. I have got the metastock version but it doesn't make ...

 Mar 1, 2003, 9:30pm #1 Joined Dec 2001 r squared formula? does anyone know the formula for the r squared indicator. I have got the metastock version but it doesn't make any sense. I just need the mathematical equation to put into a sierra worksheet.
 Mar 1, 2003, 10:07pm #2 Joined Nov 2000 Welcome to T2W 73sand. The formula is here, and there are also plenty of other formulae in case you feel adventurous. http://www.mtsu.edu/~stats/dictionary/formula.htm#r and this link has the formula already done in TradeStation language: http://klub.chip.pl/tsfp/t-pb-R-Squared.html R Squared in Metastock is: pwr(corr(cum(1),C,5,0),2) or Pwr(Corr(Cum( 1 ),C,14,0),2) or, for a smoothed version: Mov(Pwr(Corr(Cum( 1 ),C,14,0),2)*100,14,S) I believe that probably the most indepth analysis of this is in book The New Technical Trader by Chande & Kroll. I've not got the book though, so I cannot confirm this.
 Mar 2, 2003, 12:17pm #3 Joined Dec 2001 nothing is ever easy,is it . Transferring meta-stock to sierra seems impossible.The formula has components within components that need to be worked out. Thanks for the formula .Thank god I studied pure maths.