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.
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.
LinRegIntercept(IDataSeries inSeries, int period)
LinRegIntercept(int period)[int barsAgo]
LinRegIntercept(IDataSeries inSeries, int period)[int barsAgo]
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.
inSeries Input data series for the indicator
period Number of bars included in the calculations
//Show current value
Print("The current value of the regression constant is: " + LinRegIntercept(14));