Linear regression is a statistical tool used to predict future prices based on past data.
The indicator uses the least squares method for the construction of the "most suitable" straight line through a series of points of price values.
As input parameters used the number of bars (candles) to use in the calculation. This indicator is a good for use in Expert Advisors.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/11898
This indicator is a modification of classical Awesome Oscillator indicator.PipsToAverage
This indicator measures the (smoothed) distance in pips between the close and an exponential moving average.