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LRMA_Channel_trajectory - indicator for MetaTrader 5
My articles:
The Use of ORDER_MAGIC for Trading with Different Expert Advisors on a Single Instrument
Evaluation of Trade Systems - the Effectiveness of Entering, Exiting and Trades in General
How to Copy Trading from MetaTrader 5 to MetaTrader 4
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The dots, shown by the indicator are based on the linear regression. Regression period is set by the lr_per input parameter.
Two arrays are used to build the regression trajectory: LR_up draws the trajectory of ascending parts and LR_down draws the trajectory of descending parts. Deviation lines are controlled by stdev_koef deviation ratio. The indicator is created so that a trader can easily put any data instead of open prices by changing the code in one place only.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/507
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