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Technical Studies Reference


R Squared

This study calculates and displays the square of the Correlation Coefficient for the Bar Number and the data specified by the Input Data Input.

Let \(X\) be a random variable denoting the Input Data, let \(n\) denote the Length Input, and let \(\tau\) (tau) denote the current Bar Number, which is is simply the current Index plus one: \(\tau = t + 1\).

The value of R Squared at Index \(t\) for the given Inputs is \((\rho_t(\tau,X,n))^2\).

Inputs

Spreadsheet

The spreadsheet below contains the formulas for this study in Spreadsheet format. Save this Spreadsheet to the Data Files Folder.

Open it through File >> Open Spreadsheet.

R_Squared.219.scss


*Last modified Thursday, 03rd May, 2018.