Simple Regression Channel - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Simple regression channel automatically generates a regression channel based on a time range (user input).
A linear regression channel consists of two parallel lines equidistant from the linear regression trendline. The distance between the channel boundary and the regression line is equal to the deviation of the highest closing price from the regression line.
Indicator code features:
Attachment download
📎 simpleregression.mq4 (7.17 KB)
Source: MQL5 #19169
Simple Regression Channel - MetaTrader 4 Script | Foreign Exchange Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Simple Regression Channel - MetaTrader 4 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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