Past Regression Deviation - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Past Regression Divergence is an indicator composed of 7 parallel lines that form a price channel that can be used as support and resistance levels, as well as trend lines constructed to determine the direction of the current trend.
Past regression deviations provide a good indication of levels and can be used in strategies considering price breakouts or retracements from levels.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on October 24, 2007.
Attachment download
📎 pastregressiondeviated.mq5 (13.24 KB)
Source: MQL5 #717
Past regression deviation - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Past Regression Deviation - 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. Focus on 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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