The Regression Trend indicator applies mathematical method for evaluating the trend, the standard deviation and the trend strength of currency pairs. The indicator appears as a panel displaying the trend direction, the angle and the quality of the trend on all timeframes of the instrument.
Regression Trend has three components. The number of candlesticks, on which the trend is determined. Trend quality to filter low-quality or short-term trends. The trend angle to set the minimum value for the trend display.
- Minimal candles to identify trend - the minimum number of candlesticks required for determining the trend (it is recommended to choose from 20 to 200 bars).
- Minimal R squared: 1 - ideal trend; 0 - no trend - the minimum value of R trend quality, from 0 to 1 (it is recommended to choose from 0.5 to 0.7).
- Minimal angle to identify trend - the minimum trend angle in degrees to identify the trend (it is recommended to choose from 5 to 30 degrees).