Linear Regression Alert Indicator

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.

Supported Features :

Projectreaper Connect – USER GUIDE
Projectreaper Trend OS Filters – USER GUIDE

Settings are 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.

update 18.06.18
added sms, mail, sound, arrows, window alerts when price penetrates high and low regression levels by request of Alden trader

update 04.08.23
added new parameter SignalsExecution current bar signals and closed bar signals execution

update 12.10.23
added new parameters to alerts settings section now you can customize arrows and signals text

PRO TIP :

You can get a signal from a combination of indicators.

Follow the link to learn how to combine two or more signal alert indicators together http://projectreaper.pw/en/how-to-combine-two-or-more-signal-alert-indicators-together/

How to install :

1. Download file
2. Unzip archive and copy the MQL4 folder from the archive to your terminal Data folder
3. Restart terminal and apply the indicator to a chart
4. Register a valid email with single time donation or log in with previously registered email address.
5. You can switch your broker account any time you need by logging in with previously registered email address

How to find Data folder :

in the terminal click File menu – Open Data Folder

Good trading!