RSquared_1

Description

This formula returns the square of the coefficient R.

Formula

RSquared_1(instrument, Length, targetBar)=begin

  RSquared = coeffR(instrument, Length, targetBar) ^ 2

end

Parameters

instrument

An instrument.

Length

The coeffR formula calculates an average. The Length parameter defines the length of the average.

targetBar

The bar, as oriented with the current bar, you want to evaluate.

Return Value

The square of the correlation coefficient R

Examples

RSquared(SERIES, Period=10, Smooth=1)=begin

  SquareR = 0

  AvgSqrR = 0

  start = 0

  finish = Period

  total = 0

  average = 0

  if Period > 0 then begin

    while start < finish do begin

      total = total + vchart(RSquared_1(SERIES, Period, start)[(start - 1)])

      start=start+1

    end

    average = total / Period

  end

  retval = Scale(average,TEN_THOUSANDTHS)

end

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