Regression Analysis Alert - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
This change alert monitors the barmenteros original indicator, which compares four types of regression (linear, quadratic, logarithmic, and exponential) and selects the one that best fits the data being analyzed.
The idea is to quickly detect return support and resistance breakouts to allow for quicker reactions and decisions.
Example: [***** LinReg=0.00024 ***** and LogReg --> LinReg] means that the optimal regression type has been changed to LinReg, as shown in the Alerts panel.
suggestion:
Attachment download
📎 regression_analysis_alert.mq5 (22.33 KB)
Source: MQL5 #1168
Regression analysis alert - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Regression Analysis Alert - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 resources are resources 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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