Moving Linear Regression
The Moving Linear Regression (MLR) is an indicator that displays the calculated linear regression value on each bar (candle). The indicator is drawn on the chart as a curve.
There are two parameters:
- Per - the number of bars (candles) used in calculation of the linear regression value;
- Shift - shift relative to the current chart.
You can use the MLR indicator as an alternative to the "lagging" Moving Average.
The most effective is the use of the indicator for the "Intersection - rebound" strategy (see screenshot 3).