- 23 Eki 2020
In their book "The New Technical Trader," Chande & Kroll introduce the r2 indicator. They state that "the primary use of r2 is as a confirming indicator"and that "it is a lagging indicator that shows the strength of the trend."
Pwr(Corr(Cum( 1 ),C,14,0),2)
Chande's r2 Smoothed
Mov(Pwr(Corr(Cum( 1 ),C,14,0),2)*100,14,S)