The colors in the figure above represent the code of characteristics of the Linear Regression Channel MetaTrader 4 Indicator. Based on its name, linear regression is the linear fitting of the data. The blue line represents support where you open a long position there and the red line represents the resistance line where you wait there to sell.
Selling goes according to the following figure:
MT4 Indicator – Download Instructions
Linear Regression Channel – In order to transform accumulated history data, you need a MetaTrader 4 indicator. Linear Regression Channel – It is a MetaTrader 4 indicator that allows you to detect several changes and dynamics in price that many traders can’t estimate or see without an indicator, which highlights its essence and usage.Accordingly, traders can draw conclusions and make estimates about how the prices will change based on the information they have and then they can modify their strategy for better trading.
How to install Linear Regression Channel indicator for MetaTrader 4.mq4?
Linear Regression Channel indicator for MetaTrader 4.mq4Copy Indicator for MetaTrader 4.mq4 to your Metatrader 4 Directory / experts / indicators /
Start or restart your MetaTrader 4 Client
Select Chart and Timeframe where you want to test your mt4 indicator
Search “Custom Indicators” in your Navigator mostly left in your MetaTrader 4 Client
Right click on Linear Regression Channel Indicator for MetaTrader 4.mq4
Attach to a chart
Modify settings or press ok
Linear Regression Channel Indicator for MetaTrader 4.mq4 is available on your Chart
How to remove Linear Regression Channel Indicator for MetaTrader 4.mq4 from your Metatrader 4 Chart?
Select the Chart where is the Indicator running in your Metatrader 4 ClientRight click into the Chart
“Indicators list”
Select the Indicator and delete
Related Indicator: BDFXtrender Trend MetaTrader 4 Indicator
Related Source: Linear Regression Channel
Download Linear Regression Channel MetaTrader 4 indicator
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