New Indicators for Optuma Statistical Module


I often use the statistical indicator modules such as regression bands etc.

I believe the addition of these following indicators would greatly improve statistical measures:


  • R2 or the coefficient of determination - its used to analyze how well a variable can predict another one. Can help predict a trend with 95% confidence. and
  • Standard Error bands

I also believe the old Hilbert Transform has been updated by John Elhers to a Hilbert Sine Wave indicator.



Hi Mandeep,

I thought we had a script for R^2, but I’ve been planning to add them as built in functions. My hope is that we will have it for 1.5.

All the best


Thanks Mathew - looking forward to 1.5.

PS I went through the forum - but couldn't find a relevant script.