Linear Regression Sketcher - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
A variation of linear regression.
The indicator not only displays linear regression values, but also the corresponding linear regression line to indicate the best linear regression fit (and trend) for a given time and price. This way you can make an estimate based on two values: the linear regression itself and the rate of change of the linear regression value.
PS: This indicator uses objects to draw linear regression lines. If you wish to use multiple indicator instances, set the unique ID of each new instance to a unique value so you can use multiple instances on the same chart.
Attachment download
📎 linear_regression_sketcher.mq5 (11.88 KB)
Source: MQL5 #20593
Linear Regression Sketcher - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Linear Regression Sketcher - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. 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.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •