I continue uploading my indicators for you guys.
This one today is linear regression channel indicator. In your metatrader terminal you can find tool called linear regression in channels manual instruments menu.
What it linear regression?
This is algebraic formula giving linear values regression from statistic data in our case this is prices in the period of time.
Built-in regression channel it’s static tool it means you need mannualy place it and managing while new data coming in your terminal.
I made automatic regression channel which automaticaly following new prices so you need just to check the setups.
Settings is simple : degree it’s allowed curve angle of the channel, kstd – coefficient of regression, bars – candles calculation value and shift it’s offset from current candle.
added sms, mail, sound, arrows, window alerts when price penetrates high and low regression levels by request of Alden trader