Posts moved to this thread.
The forum have several thread Linear regression, some are:
ya i couldn't find anything like this lr in any of those threads or any other threads for that matter which is why i posted my own thread.
Which values are you using?.
Also, could you post a picture with a standard TF like H1? it's hard math something when the TF used is different than the ones we have on MT4.
theres a 1hr.
Try this one
that works great, thanks.
Linear Regression Curve - colorized?
Could someone please colorize (for up/down) the attached mt4 Linear Regression Curve indicator?
It really rocks as a confirming indicator - with length set to 25, and up/down color.
-Tradestation Linear Regression code with up/down color, for reference.
- MT4 Linear Regression indicator, which I've verified is the same as Tradestation, minus the coloring.
- Tradestation chart of how it should look
I believe this threads need a review of all Regression indicators, as you normally do for similar threads
I've made this indicator some days ago, I know that there are lots of indicators like this one but most of then looks like a Moving Average. I've made based upon the formula Simple Linear regression - Wikipedia, the free encyclopedia and it gets some data(high or open or close or low) then calculates and draw an straight line obtained throught the data.
Sorry if it's the same thing of other indicator, I did because I saw some requests in other foruns too but no indicator that draw the line this way. So I hope this thing get useful for someone.
On the image you'll see the indicator, the white line that passes through the chart, it's setted to get the close data of 24 candles. It draws the line as soon as it get the number of data setted.
Thanks, but how to use it in trading?