Linear Regression Line - MetaTrader 4 Script - MQL5 #7325 - MT4/MT5 Resources
The mathematical formula expressing linear regression is as follows:
у = а + bx , where:
у——closing price;
х - the position of the current time period in the database;
а - 1/п (Ey - bEх);
b - (nExy - EхEу)/nEх2 - (Ex)2;
п——The number of time periods during the summation period;
E - the sum of n periods.
The least squares method is used in linear regression to fit a straight line in the data set. Find the optimal line by minimizing the distance of the data points to the line.
Attachment download
📎 Linear_Regression_Line.mq4 (2.59 KB)
Source: MQL5 #7325
Linear Regression Line - MetaTrader 4 Script - MQL5 #7325 Usage and Filtering Advice
Linear Regression Line - MetaTrader 4 Script - MQL5 #7325 is a resource related to trading scripts. 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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