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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » money stream, the apply regressions to indicators & price grafts ?

money stream, the apply regressions to indicators & price grafts ? Rate this Topic:
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mussie2
Posted : Tuesday, February 15, 2005 9:25:54 PM
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Joined: 10/31/2004
Posts: 12
Location: deerfeild breach Fl.
 Can you give me a simple explaination of the way they should be read. thank you.
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Doug_H
Posted : Wednesday, February 16, 2005 9:28:46 AM


Worden Trainer

Joined: 10/1/2004
Posts: 4,308
 The linear regression line simply plots the calculated best fit straight line that price or MS would have made had it traveled in a perfectly straight line over a particular period of time. Especially during periods of volatility, when it might be difficult for you eye to discern the trend direction, the linear regression line makes it quite easy to spot the direction of the trend from point A to point B on the chart. Linear regression lines can be plotted on price or any indicator.
- Doug
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