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Views:: 9020
Rating:: (18)
Published:: 2011.10.31 17:18
Updated:: 2016.11.22 07:32

lrma_channel_trajectory.mq5 (5.65 KB) view

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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.

LRMA_Channel_trajectory M15

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/507

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LRMA_Channel_trajectory - indicator for MetaTrader 5