LinRegIntercept

Description

The Linear Regression Intercept outputs the value of the regression constant, i.e. the mathematical intersection of where the regression line meets the price axis.

A straight line can be accurately determined with the help of the slope and intercept values.

See Linear Regression, R-Squared, LinRegSlope.

Interpretation

The indicator is not used by itself but is simply a component of trading systems that analyze trade trends with the help of linear regression.

Usage

LinRegIntercept(int period)
LinRegIntercept(IDataSeries inSeries, int period)
LinRegIntercept(int period)[int barsAgo]
LinRegIntercept(IDataSeries inSeries, int period)[int barsAgo]

Return value

double

When using this method with an index (e.g. LinRegIntercept(14)[int barsAgo] ), the value of the indicator will be issued for the referenced bar.

Parameters

inSeries Input data series for the indicator

period Number of bars included in the calculations

Visualization

Example

//Show current value
Print("The current value of the regression constant is: " + LinRegIntercept(14)[0]);

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