In fact, I smooth the Linear regression slope (the same way as your RSI smoother if your remember), and adapt it with standard deviation as you do
Of course, the adaptation works better with big periods
Trend linear regression oscillator (by Alexander Gettinger)
I didn't know who was this guy, but he is very nice, because for each indicator he gives the formula in his forum
Definitively love that guy
LR slope histo originally from here https://www.mql5.com/en/forum/173574/page373 made new mt4 compatible.
Updated non-repainting Linear regression with alerts on slope change : linearregression_nrpalerts_nmc.mq4
Original was posted here : https://www.mql5.com/en/forum/174318/page4
Updated non-repainting Linear regression with alerts on price cross : linearregression_nrp_price_cross_alerts_nmc.mq4
karl dittman is "presenting" us with linear regression channel
Dserg linear regression breakout version 1.1 dserg-linregressionbreakout_v1.1.mq4
Hi Mladen, do you know how I can find a LinReg Oscillator that looks like that on the picture? With alert would be ideal.
Check the one at this post https://www.mql5.com/en/forum/177396 (lsma angle - lsma is actually linear regression value)