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TrueRegression

30 USD

Demo downloaded: 14

Published: 25 December 2018

Current version: 1.0

TrueRegression

Indicators
Tim Riley
Tim Riley
Australia

257
Version: 1.0
Activations: 5

TrueRegression will calculate the linear regression of a given sequence of bars, and display the line of best fit on the chart.

Regression is used to determine whether a market is currently trending, and whether sub-trends are occurring, which can hint at a potential breakout situation.

The indicator will recalculate every 'n' bars (defined by the user input).

When the indicator re-draws, it will keep the original lines on the chart, unmodified, so they can be referenced by a custom EA, or by the user manually.

The calculation is the same used widely in machine learning today.

TrueRegression also works in the backtester!

The screenshots below show the indicator after it's been added to the chart 3 times, all with different periods.

more...

This Indicator will notified you when market going to trend reversal, build with candlestick pattern strategy --> Sell Reversal Notification will flag with the Yellow arrow --> Buy Reversal Notification will flag with the Pink arrow After Flag Appear, the market usually reverse but carefully you must performs double check because weakness of this indicator when market in the middle of the trend

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TrueRegression

Tim Riley