Dserg - LinRegression Breakout - MetaTrader 5 Script - MT4/MT5 Resources

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Dserg - LinRegression breakout indicator searches and displays consolidation areas and stable channel movement charts. If the width of the linear regression channel of the last Nlin bars is no more than 2*range points, then we draw a new channel. You will be able to make breakthroughs at work in the future.

Arrows show input, stop and target. Please note that it is not an early breakout that is good, but a steady move to the start of the US session or a news issue. This feature can be used for trade. The recommended currency pairs are EURUSD and EURGBP, and the time range is М15. The default settings are suitable for them. The indicator also performs well on other timeframes up to one week.

The indicator was first implemented in MQL4 and published in the code base of mql4.com on March 3, 2010.

Figure 1 Dserg - LinRegression breakthrough

Attachment download

📎 dserg-linregressionbreakout.mq5 (14.7 KB)

Source: MQL5 #1205