r_sqr
Function Name: r_sqr
Tags: None
Category: Trend
The RSquared indicator is a statistical measure that represents the percentage of a fund's or security's movements that are explained by movements in a benchmark index. For fixedincome securities the benchmark is the Tbill, and for equities the benchmark is the S&P 500.
RSquared values range from 0 to 100. An RSquared of 100 means that all movements of a security are completely explained by movements in the index.
A higher RSquared value will indicate a more useful beta figure. For example, if a fund has an RSquared value of close to 100, yet has a beta below 1, it is most likely offering higher riskadjusted returns. A low RSquared value means you should ignore the beta.
Link: http://www.investopedia.com/terms/r/rsquared.asp
Source1 
Choose any symbol as the first base. By default, the first symbol that is shown on the chart is used. 
Source2 
Choose any symbol as the second base. By default, the second symbol that is shown on the chart is used. If only one symbol is visible on the chart, you can choose a second symbol with Symbol Search by clicking on Other. 
period 


Default Value: 14  Minimum: 1  Maximum: 9999 

Type: Numeric 