r squared formula?

73sand

Junior member
32 0
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.
 

Skimbleshanks

1
2,325 16
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.
 

73sand

Junior member
32 0
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.
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock