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Angle Regression Line MT4

The indicator allows determining the strength and direction of the trend precisely. The histogram displayed in a separate window shows changes of the slope of the regression line. A signal for entering a deal is crossing the zero line and/or a divergence. The indicator is also useful for wave analysis.

Input Parameters:

  • Period - period of calculation, 10 on default;
  • Angle threshold - slope at which a flat is displayed, 6.0 on default (within the range from -6.0 to 6.0);
  • Filter by volume - volume filter (divergence signals are not provided in case the volume is below average for the last 50 bars), true by default;
  • Display divergence alert - enables notifications about divergence, true by default;
  • Arrows displacement - shift of array of divergence signal, default is 5.0;
  • Display cross zero alert - enables zero line crossover alert, true by default;
  • Draw indicator trend lines - enables indicator trend lines in divergence; true by default;
  • Draw price trend lines - enables displaying the trend lines on the price chart during divergence, true by default;
  • Line bull divergence color - line color of bullish divergence, green by default;
  • Line bear divergence color - line color of bearish divergence, red by default.

Currency pair - any. Timeframe - any.

2017.04.14 09:50 

User didn't leave any comment to the rating

Viktor Barilko
2017.04.13 12:36 

Хороший индикатор. Отзывчивый продавец.

2017.03.31 07:31 

Бесполезный индикатор

2014.12.04 22:44 

I like this indicator. Pretty accurate signal. Great support from Seller!

Vilmar Tavares
2014.07.20 06:31 

Sometimes repaint.

Version 1.40 - 2017.05.31
Improved the calculation algorithm. The zero line crossover is now checked after a bar is closed.
Version 1.35 - 2015.01.08
Сode optimization
Version 1.30 - 2014.11.25
Improved notification of divergence, of crossing the zero line.
Version 1.20 - 2014.06.17
Added input parameters:
- Calculated bars - to optimize calculations;
- Arrows displacement - for placing arrows conveniently;
- Line bull divergence color, Line bear divergence color - color of the divergence lines.
Version 1.10 - 2014.02.13
Added the possibility to set up alerts for divergence and zero line crossing separately. Additional input parameters:
- Display divergence alert (true on default);
- Display cross zero alert (true on default).