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--- In equismetastock@xxxxxxxxxxxxxxx, JayTownsend@xxxx wrote:
> In a message dated 6/9/2003 1:04:37 PM Pacific Daylight Time,
> anrejaer@xxxx writes:
>
> > Hello, If you want to see the true linear regression line you
must
> > plot the LinearRegression from the InsertMenu.
> > You can see that the last point matches the LRI - with the same
> > period-.
> > Andre
> >
>
> Hi Andre:
>
> Those only give you wriggly lines. True linear regression is a
straight
> line. The Linear Regression Indicator gives you a true straight
line, but plots
> only one point. The Linear Regression Slope tells you the
direction of the
> line, but only where it intersects that one point. In my opinion,
these
> indicators are far more accurate in determining whether plots on a
chart are rising or
> falling than say a moving average. The only problem left to solve
is up to
> the user. What quantity of time periods constitutes direction?
>
> Jay
>
>
Hi, Jay
I think you must confuse the LinearRegressionTrendline from the
InsertMenu and the LinearRegressionIndicator from the
IndicatorQuicklist.
First plot a LinearRegressionTrendline on your chart-On Close by
example- and you can see a true straight line
After you plot the LinearRegressionIndicator on the close with the
same period.
As you can notice, the last point of your LRTrendline is on the LRI
Andre
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