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15 - Linear Regression Indicator for Metatrader 5 - MQL5 - forex - MT5

15 - Linear Regression Indicator for Metatrader 5 - MQL5 - forex - MT5

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  • Description
Theory:
Linear regression attempts to model the relationship between two variables by fitting a linear equation to observed data. One variable is considered to be an explanatory variable, and the other is considered to be a dependent variable. For example, a modeler might want to relate the weights of individuals to their heights using a linear regression model.

This version:
This is "yet another" method that is producing exact results (without an approximation) as the "to the last letter" method, that can be used on arbitrary data and is fast (it is faster than even the method that is using built in functions to speed up the calculation). Execution time does not depend on the calculation period (it is negligible slower for very large periods than the calculation for short periods) which makes it suitable for usage in all sorts of filtering / calculating / smoothing ...

Usage:
You can use the color change as a signal.

Higher Resolution Image:
https://drive.google.com/file/d/1P_Vyxi0o5xY0BZv-5l9_aykcUlZBAFp_/view?usp=sharing

Among the many ways that forex participants approach the market is through the application of technical analysis. By definition, technical analysis is the study of past and present price action for the accurate prediction of future market behavior. The premier tools for the practice of technical analysis are known as indicators.

When you look for one of the key indicators for your trading system, you probably will turn to the experience of several generations of successful traders.

The indicators which they use really work with and which really bring profit, it is easy to check based on their growing capital.

Indicators come in all shapes and sizes, and each helps the user place evolving price action into a manageable context. While there are many indicators to choose from, all are used to either identify market state or recognise potential trading opportunities.

One of the key benefits to utilising technical indicators is the freedom and flexibility afforded to the trader. Indicators are versatile in that they may be implemented in isolation or within the structure of a broader strategic framework. In each instance, their proper use promotes disciplined and consistent trading in live forex conditions.

*If you need any help with the installation procedure, I will gladly help you via TeamViewer.
... [Full Description]

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