The R-Squared indicator created by Jon Andersen in "Standard error bands" in the September 1996 STOCKS & COMMODITIES .
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...
The standard error bands created by Jon Andersen in "Standard error bands" in the September 1996 STOCKS & COMMODITIES.
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 Bands - Code by @XeL_arjona
Original implementation by:
Traders issue: Stocks & Commodities V. 14:9 (375-379):
Standard Error Bands by Jon Andersen
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...