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2008.06.22 13:05
Linear Regression Indicator

Linear Regression Indicator - indicator for MetaTrader 4

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votes: 4

The indicator is completely analogous to indicator LSMA Color published in CodeBase, except only one thing. It works much faster.


extern int period=34; // Regression calculating period
extern int price=0; // Price used for calculations 0-Close, 1-Open, 2- High, 3-Low, etc.
extern int Shift=0; // Chart shift when drawing
extern bool bPlaySound=true; // Playing a sound when changing color
extern string SoundName="alert.wav"; // Wave file
extern int CheckBar=0; // Bar, on which the color changing is controlled

Translated from Russian by MetaQuotes Software Corp.
Original code:

Indicator nEMA Indicator nEMA

TEMA and DEMA are next of kin


The MACD indicator is built on the basis of RSI that, in its turn, is built on MA.

Waddah Attar Win Expert Waddah Attar Win Expert

Sell when Up >>> Buy when Down

TrendLineRange TrendLineRange

The indicator informs about that the price is approaching to support/resistance line in 3 positions.