i-Return Channel - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

i-Regression Channel generates a regression channel.

A linear regression channel consists of two parallel lines equidistant from the linear regression trendline. The distance between the channel boundary and the regression line is equal to the deviation of the highest closing price from the regression line.

There are two versions of this indicator:

The indicator was first implemented in MQL4 and published in the code base of mql4.com on February 27, 2009.

Linear regression channel (degree = 1):

Squared (parabolic) regression channel (degree = 2):

Cubic regression channel (degree = 3):

Attachment download

📎i-regr_channel_bars.mq5 (12.58 KB)

📎i-regr_channel_time.mq5 (13.2 KB)

Source: MQL5 #547