|
PureBytes Links
Trading Reference Links
|
Al,
I've been trying to combine r-squared with Linear Regression Slope. Not
always easy determining how to interpret them.
I know r-squared values below a certain amount mean there is no statistical
significance. But with larger numbers, the Slope value can still move all
over the place. Is it more the direction of the slope rather than the value
itself?
It's probably just trial and error.
Thanks,
Sean
----- Original Message -----
From: "Al Taglavore" <altag@xxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Friday, February 02, 2001 11:02 AM
Subject: Re: Trendiness or Congestion measurement
> Consider using 'r-squared' with regression slope; "r" indicating the
> strength of the trend, sans noise, and the slope to indicate the direction
> of the trend.
>
> Al Taglavore
>
> ----------
> > From: Sean Taylor <sean.taylor@xxxxxxxx>
> > To: Metastock List <metastock@xxxxxxxxxxxxx>
> > Subject: Trendiness or Congestion measurement
> > Date: Friday, February 02, 2001 9:09 AM
> >
> > I've recently re-discovered the quality of the User manual. The
> > interpretations of various indicators offer useful advise.
> > Take the Stochastic. I'm looking to use Overbought/Oversold indicators.
> > The manual recommends that these work best in non-trending markets and
> that
> > 'r-squared', CMO and VHF might be used to determine this.
> > I tried r-squared (RSquared(C, 14) <0.27) which improved the system
> results
> > significantly. But it does seem to traverse extremes very readily and
> give
> > false signals.
> >
> > Are there some favorites out there for indicating congestion or
> trendiness
> > and their strength ?
> >
> > Thanks,
> > Sean
>
|