LRMA_Channel_trajectory - MetaTrader 5 Script - MT4/MT5 Resources
The points displayed by the indicator are based on linear regression. The regression period is set by the lr_per input parameter.
Use two arrays to construct the regression trajectory: LR_up draws the ascending part of the trajectory, and LR_down draws the descending part of the trajectory. The deviation line is controlled by the stdev_koef deviation ratio. This indicator was created to allow traders to easily enter any data other than the opening price by changing just one tick.
Attachment download
📎 lrma_channel_trajectory.mq5 (5.65 KB)
Source: MQL5 #507
LRMA_Channel_trajectory - MetaTrader 5 script usage and filtering suggestions
LRMA_Channel_trajectory - 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 only on titles or short-term profit descriptions.
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