Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2011.01.07 10:22
Indicators

Linear Regression Channel - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Views:
5735
Rating:
votes: 16
lrchannel.mq5 (4.91 KB)view

The indicator plots a channel using the linear regression model: y=b+a*x.

When calculation of regression coefficients (a and b) it uses only completed bars. The number of bars should be greater than 2 (and less than total bars in history-1), it is specified in InChPeriod input parameter. The indicator values for the last (uncompleted) bar is calculated using the values of calculated regression coefficients.

It's assumed, that:

  • not less than 68.26% of price values are located between the "Up" and "Down" lines.
  • not less than 95.44% of price values are located between the "High" and "Low" lines.

The recalculation of the regression coefficient is performed when total bars in the history has changed, for example, for the case of a new bar.

LRChannel (Linear Regression Channel) indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/249

ZigzagColor_Channel ZigzagColor_Channel

The ZigzagColor_Channel plots a channel by connecting the ZigZag peaks and ZigZag bottoms.

Grr-al Grr-al

The Expert Advisor is profitable only if the "Open prices" only or "1 minute OHLC" modes used in Strategy Tester.

MQL5 Wizard - Trade Signals Based on Price Crossover with Moving Average Indicator MQL5 Wizard - Trade Signals Based on Price Crossover with Moving Average Indicator

Trade signals based on price crossover with moving average indicator (CSignalMA from MQL5 Standard Library) is considered. The code of the Expert Advisor based on this strategy can be generated automatically using the MQL5 Wizard.

MQL5 Wizard - Trade Signals Based on Three Moving Averages MQL5 Wizard - Trade Signals Based on Three Moving Averages

Trade signals based on three moving averages is considered. The code of the Expert Advisor based on this strategy can be generated automatically using the MQL5 Wizard.