# R-Squared

R-Squared determines the correlation between the close and the Linear Regression Trendline.

# R-Squared

**R-Squared** determines the correlation between the close and the Linear Regression Trendline.

## R-Squared Formula

## Application of R-Squared

The R-Squared indicator varies from 1 (fully correlated) to 0 (no correlation). R-Squared can be used to confirm the strength of the trend indicated by other indicators (e.g. RSI, Linear Regression Slope). High R-Squared values confirm trends while low R-Squared values indicate a possible turnaround.