Linear Regression Intercept is one of the indicators calculated by using the Linear Regression technique. Linear regression indicates the value of the Y (generally the price) when the value of X (the time series) is 0. Linear Regression Intercept is used along with the Linear Regression Slope to create the Linear Regression Line. The Linear Regression Intercept along with the Slope creates the Regression line.
@Jaivanth, As such there is no repainting ,indicator is result of mathamatical calculation well represented in consolidation This indicator gives best idea on end consolidation approximately repainting is complition of incomplete price action or wave [if u know elliot and its extention ] I have good experience using this indicator and its modification with good result
chaolima
⋅
Hi, I am studying your indicator but I cannot understanding your items and the method of the calculation. Can you identify what is the item "xX" and "xDivisor"? Also, where is the source of the equations for "xSlope" and "xLRI"? Because I searched the equation of LRI should be y = a + bx and the slope equation is not same as yours.