Simple Regression Channel MetaTrader 4 Forex Indicator automatically generates Regression Channel, based on timeframe (user input).
Linear Regression Channel consists of 2 parallel lines located at the equal distance from the linear regression trend line. The distance between the channel borders and the regression line is equal to the value of the highest close price deviation from the regression line.
Indicator code features:
- Indicator can be attached to any chart timeframe.
- Calculation will be based on applied timeframe in the input.
Input Parameters
- Look back period (default: 30 bars)
- Applied timeframe (default: Period_H4)
- Regression style (default: Solid)
- Regression color (default: Dark Blue)
Simple Regression Channel MT4 Indicator – Download Instructions
In order to transform accumulated history data, you need to install a MetaTrader 4
Simple 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 Simple Regression Channel MT4 indicator for MetaTrader 4.mq4?
Download indicator for MetaTrader 4.mq4Copy Simple Regression Channel indicator MT4 to 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 Simple Regression Channel MT4 for MetaTrader 4.mq4
Attach to a chart
Modify settings or press ok
Indicator for MetaTrader 4.mq4 is available on your Chart
How to remove Simple Regression Channel MT4 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
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Download Simple Regression Channel MetaTrader 4 Forex IndicatorDOWNLOAD INDICATOR