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TrendLinearReg - Indicator for MetaTrader 4

TrendLinearReg
TypeIndicators PlatformMT4 Version10 Date created16 November 2014 Date updated 3 August 2017
Formatmq4 Size2.4Kb Downloads191 Rating
3.8 of 5
based on 84 rates

Trend indicator for MT4. It calculates the tangent of the trend slope for each bar using linear regression, and then displays the information in a separate window as a colored histogram. The green color of the histogram means that the angle of inclination is increasing, the red color - when it’s falling. As trading signals, you can use the intersection of the zero line or its passage through a small value.

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