R-Squared



R-Squared Interpretation:

This indicator is able to confirm the trend. It is good to use this indicator with the Linear Regression Slope which specifies the direction of the trend.According to the period used, R-Squared is compared with a certain level N. When the slope of linear regression rises above the 0 level (and there is an uptrend) and R-Squared rises above this level, the trend is confirmed.

The R-squared could confirm the trend displayed by the Linear Regression Slope. It can be used with other indicators also.


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