Tick-by-tick day trading Simulation Software for currencies, futures and stocks
Download the RapidSP daytrading simulator and explore your chances of succeeding at the super-career as a daytrader. Learn to day trade currencies, futures, and stocks at a speed of your choice. Download years of tick data for many instruments for free, 100+ technical studies, oscillators, line studies & price styles.
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Technical Stuies offered in RapidSP

Top Studies

Bollinger Bands

Darvas Boxes

Exponential Moving Average

Fractal Chaos Bands

High/Low Bands

Median Price

Moving Average Envelope

Simple Moving Average

Time Series Moving Average

Triangular Moving Average

Variable Moving Average

VIDYA Moving Average

Weighted Moving Average

Parabolic SAR

Weighted Close

Prime Number Bands

Welles Wilder Smoothing

Bottom Studies

Williams %R

Williams Accumulation Distribution

Vertical Horizontal Filter

Ultimate Oscillator

 True Range

TRIX

Rainbow Oscillator

Price Oscillator

Momentum Oscillator

 MACD

Directional Movement System

Detrended Price Oscillator

Chande Momentum Oscillator

Chaikin Volatility

Aroon

Aroon Oscillator

Linear Regression R-Squared

Linear Regression Forecast

Linear Regression Slope

Linear Regression Intercept

Performance Index

 Commodity Channel Index

Typical Price

Standard Deviation

Price ROC

High Minus Low

Swing Index

Accumulative Swing Index

Comparative RSI

Mass Index

Relative Strength Index

Stochastic Oscillator

Stochastic Momentum Index

Fractal Chaos Oscillator

Prime Number Oscillator

Volume Studies

Volume Oscillator

Ease Of Movement

Price Volume Trend

Chaikin Money Flow

Volume ROC

Money Flow Index

Negative Volume Index

On Balance Volume

Positive Volume Index

Trade Volume Index

Line Studies

Gann Fan

Speed Lines

Fibonacci Arcs

Fibonacci Fans

Fibonacci Retracements

Fibonacci Time Zones

Tirone Levels

 Quadrant Lines

Raff Regression

Error Channels

Price Styles

Point And Figure

Renko

Kagi

Three Line Break

Equivolume

Equivolume Shadow

Candle Volume

OHLC Bar

Candle Stick

Linear Regression R-Squared 
  


The Linear Regression R-Squared function determines the extent of a linear relationship of a field to time over a given period of time R-squared shows the strength of trend. The more closely prices move in a linear relationship with the passing of time, the stronger the trend.

R-squared values show the percentage of movement that can be explained by linear regression. For example, if the r-squared value over 20 period is at 70%, this means that 70% of the movement of the instrument is explained by linear regression. The other 30% is unexplained random noise.

Usage:

One of the most useful ways to use r-squared is as a confirming indicator. Momentum based indicators (e.g., Stochastics, RSI, CCI, etc.) and moving average systems require a confirmation of trend in order to be consistently effective. R-squared provides a means of quantifying the trend of prices.
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