Linear Regression Line (for) - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
Not all indicators are suitable to be applied to another indicator's data via mt5 design/allowed options. A linear regression line (using the original line for "simple" prices posted here: Linear Regression Line ) is a suitable
We have the regression channel as an object, but we need to constantly adjust it if we want it to follow the formation of new bars. So: this is the version that can be applied to other indicators
PS: The example is not shown, but the color of the line changes depending on the slope of the regression line
Attachment download
📎 linear_regression_line_capply_toi.mq5 (11.4 KB)
Source: MQL5 #50504
Linear regression line (applicable to) - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Linear regression line (applicable to) - MetaTrader 5 script | Forex 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 on titles or short-term profit descriptions.
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