Linear Regression - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources
Drawing trend lines using linear regression is based on the least squares method. This method assumes that a straight line is drawn through the price points so that the distance between the price points and the straight line is minimum. When trying to predict tomorrow's prices, it is reasonable to assume that they will be close to today's price values. If there is an upward trend, the best guess is that the price value will be close to the current price, but with some upward deviation. Regression analysis provided statistical confirmation of these hypotheses.
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📎 Linear_Regression.mq4 (8.33 KB)
Source: MQL5 #7197
Linear Regression - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
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