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linearreg_intercept

LINEARREG_INTERCEPT​

Type: linearreg_intercept • Category: indicators

Description​

Free expression of linear regression

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringList of pricesno
timeperiodnumberno14

Help​

LINEARREG_INTERCEPT

Description​

The LINEARREG_INTERCEPT indicator is a financial markets indicator that calculates the intercept of a linear regression line. It is used to analyze and forecast price movements in financial markets.

What does this worker do?​

This worker calculates the intercept of a linear regression line based on a given list of prices and a specified time period. The linear regression line is a free expression of the relationship between the prices and time.

How to interpret the results​

The intercept of the linear regression line represents the expected value of the price when the time is zero. A positive intercept indicates an upward trend, while a negative intercept indicates a downward trend. The intercept can be used to forecast future prices and identify potential trends.

Parameters​

The following parameters are required to configure the LINEARREG_INTERCEPT indicator:

Parameters Schema (JSON)​

{
  "dataExp": {
    "type": "string",
    "description": "List of prices"
  },
  "timeperiod": {
    "type": "number",
    "default": 14
  }
}

Parameters List​

  • dataExp:
    • Type: string
    • Description: List of prices
  • timeperiod:
    • Type: number
    • Description: The time period for the linear regression calculation
    • Default: 14

Example Use Case​

To use the LINEARREG_INTERCEPT indicator, provide a list of prices and a time period. For example:

{
  "dataExp": "price1,price2,price3,...",
  "timeperiod": 20
}

This will calculate the intercept of the linear regression line for the given list of prices over a 20-period time frame.