Standard error

The typical distance of price from its best-fit line over the last N bars.

Formula

SE = √(Σ residual² ÷ (N − 2))

How to read it

Low means the price has hugged a straight line — a clean trend.

How to use it

Measures how clean a trend is: low values mean the fitted line is a good guide.

In Kereon

Charts · Superchart. Default 25 bars.

Also called: regression error.

Related terms

The whole glossary · Investing tools