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Description |
This function uses Linear Regression to determine whether a market is moving downward. |
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Formula |
Bearish(SERIES, targetbar, LRRange=10, LRType=2)=begin retval = FALSE cMin = vchart(LR($1, LRRange, LRType)[targetBar - 1]) pMin = vchart(LR($1, LRRange, LRType)[targetBar]) if cMin < pMin then retval = TRUE retval end |
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Parameters |
SERIES The SERIES directive makes this formula available as a study. You can display this formula in a split chart window.
targetBar The index of the bar you want to evaluate. 0 is the current bar, 1 is the first bar back, etc.
LRRange The number of bars in the Linear Regression test. The default is 10.
LRType The type of Linear Regression. The default is 2, or Continuous Linear Regression. You can also set this parameter to 3, which gives you a Quadratic Linear Regression. |
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Return Value |
TRUE or FALSE |
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Examples |
... if Bearish($1,targetBar,LRRange,LRType)==TRUE then begin ... |
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Comments |
NA |
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