Level: 1
Background
The R-Squared indicator created by Jon Andersen in "Standard error bands" in the September 1996 STOCKS & COMMODITIES .
Function
This script fristly creates the coeffR function which is used to produced the R-Squared indicator. The coeffR function is used to calculate the correlation coefficient R. Once I have created and verified the coeffR...
Level: 1
Background
The standard error bands created by Jon Andersen in "Standard error bands" in the September 1996 STOCKS & COMMODITIES.
Function
This script calculates the beta and alpha coefficients of the linear regression. First, it creates the calcB and calcA functions, which refer to the beta and alpha coefficients. Create calcB first, then calcA....
Standard Error of the Estimate - Code and adaptation by @glaz & @XeL_arjona
Ver. 2.00.a
Original implementation idea of bands by:
Traders issue: Stocks & Commodities V. 14:9 (375-379):
Standard Error Bands by Jon Andersen
This code is a former update to previous "Standard Error Bands" that was wrongly applied given that previous version in reality use the...
Standard Error Bands - Code by @XeL_arjona
Original implementation by:
Traders issue: Stocks & Commodities V. 14:9 (375-379):
Standard Error Bands by Jon Andersen
Version 1
For a quick and publicly open explanation of this Statistical indicator, you can refer at Here!
Extract from the former URL:
Standard Error bands are...
![BTCUSDT: [blackcat] L1 Jon Andersen R-Squared Indicator](https://s3.tradingview.com/s/So0S8BjA_mid.png "[blackcat] L1 Jon Andersen R-Squared Indicator")
![BTCUSDT: [blackcat] L1 Jon Andersen Standard Error Bands](https://s3.tradingview.com/9/9XFzN3Ad_mid.png "[blackcat] L1 Jon Andersen Standard Error Bands")
