LinearRegressionChannel - MetaTrader 5 Script - MT4/MT5 Resource
Real author:
Custom tools for linear regression. LR line, support and resistance line values are located in the buffer zone.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on November 27, 2008.
Figure 1 LinearRegressionChannel indicator
Attachment download
📎 linearregressionchannel.mq5 (7.98 KB)
Source: MQL5 #1337
LinearRegressionChannel - MetaTrader 5 script usage and filtering suggestions
LinearRegressionChannel - MetaTrader 5 script is a resource related to Forex indicators. 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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