Linear Regression Indicator [LRI]

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The Linear Regression Indicator function returns the current value of a linear regression line of a field to time over a given number of periods. Parameters ------------------ Data          The data to use in the regression. This is typically a field in a data series or a calculated value. Period        The number of bars of data to include in the regression, including the current value.                   For example, a period of 3 includes the current value and the two previous values. Function Value ------------------------ The linear regression indicator is calculated by fitting a linear regression line over the values for the given period, and then determining the current value for that line. A linear regression line is a straight line which is as close to all of the given values as possible. The linear regression indicator at the beginning of a data series is not defined until there are enough values to fill the given period. This function is the same as the Time Series Moving Average. It is also the same as the Time Series Forecast with an offset of zero.