This indicator is supplementary to our Triple Quadratic Regression overlaid indicator (which includes three step lines - a fast (fuchsia), a medium (yellow), and a slow (blue) quadratic regression line to help the user obtain a clearer picture of current trends). Quadratic regression is better suited to determining (and predicting) trend than linear regression ;...
This indicator draws three step lines - a fast (fuchsia), a medium (yellow), and a slow (blue) quadratic regression line to help the user obtain a clearer picture of current trends. Quadratic regression is better suited to determining (and predicting) trend than linear regression; y = ax^2 + bx + c is better to use than a simple y = ax + b. Calculating the...
It's been a while since I have published anything meaningful for all members, but here is my next step in evolution of trend channel technology, my attempt at "Quadratic Regression Trend Channel" custom tailored for regression enthusiasts. I'm actually doing a lot more than my profile shall ever reveal. Many members may have heard of "polynomial regression...
Fit a quadratic polynomial (parabola) to the last length data points by minimizing the sum of squares between the data and the fitted results. The script can extrapolate the results in the future and can also display the R-squared of the model. Note that this script is subject to some limitations (more in the "Notes" section). Settings Length : Number of...