R Squared

R Squared is part of Standard Error Bands by Jon Anderson, Stocks and Commodities Mag. 09/1996. This study should be used with Standard Error PercentA, Linear Regression Slope and Bollinger Bands®. The user may change the input (close) and period lengths. This indicator’s definition is further expressed in the condensed code given in the calculation below.


How To Trade Using R Squared

Click here for trading information.

How To Access in MotiveWave

Go to the top menu, choose Study>Oscillators>Rsquared

or go to the top menu, choose Add Study, start typing in this study name until you see it appear in the list, click on the study name, click OK.

Important Disclaimer: The information provided on this page is strictly for informational purposes and is not to be construed as advice or solicitation to buy or sell any security. Please see our Risk Disclosure and Performance Disclaimer Statement.


//input = price, user defined, default is close
//period1 = user defined, default is 21
//period2 = user defined, default is 3
//index = current bar number

r = newCoeffR(index, period1, input);
sqR = r * r;
Plot: avSqR = sma(index, period2, sqR);