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 the 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

LinRegIntercept

Example

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