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Views:: 5889
Rating:: (13)
Published:: 2018.12.18 19:08

Linear_Regression_Slope.mq5 (6.38 KB) view

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Linear regression slope oscillator displays the slope of the current linear model of the price for the selected period.

It has one configurable parameter:

Period - calculation period

The indicator line value increase indicates an uptrend, while decrease shows a downward trend.

In addition to the zero line crossing signals, the indicator displays some technical analysis patterns: double bottom, triple bottom, double top, triple top, head and shoulders, inverted head and shoulders. The indicator also displays divergences quite well.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22624

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Linear_Regression_Slope - indicator for MetaTrader 5