The Exp_LinearRegSlope_V1 Expert Advisor enters the market when the LinearRegSlope_V1 indicator cloud changes its color. The signal is formed when a bar is closing if the oscillator has crossed its signal line.
This Expert Advisor requires the compiled indicator file LinearRegSlope_V1.ex5 in order to run. Place it to <terminal_data_folder>\MQL5\Indicators.
Default Expert Advisor's input parameters have been used during the tests shown below. Stop Loss and Take Profit have not been used during the tests.
Fig.1. Examples of deals on the chart
Testing results for 2014 at USDJPY H4:
Fig.2. Testing results chart
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14009
The LinearRegSlope_V2 indicator with the timeframe selection option available in the input parametersRVITrend_x10Full
A variant of the RVITrend_x10 indicator with the option to individually customize the input parameters for each RSI oscillator which are used to display the current trends.