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Angle Regression Lines USDCHF

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.

The input parameters are:

  • 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 on default;
  • Display divergence alert - enables notifications about divergence, true on default;
  • Calculated bars - number of bars for calculation, by default 300;
  • Arrows displacement - shift of arrays of divergence signals, default is 2;
  • Display cross zero alert - zero line crossover alert, by default true;
  • Draw indicator trend lines - enables displaying the trend lines of the indicator during divergence, true on default;
  • Draw price trend lines - enables displaying the trend lines on the price chart during divergence, true on default;
  • Line bull divergence color - line color during bullish divergence, Green on default;
  • Line bear divergence color - line color during bearish divergence, Red on default.

Currency pair - USDCHF. Timeframe - any. To trade any currency pair, use the Angle Regression Lines MT4 indicator.

Maksym Mudrakov
8449
2016.08.31 14:41 
 

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Mikhail Gorenberg
1355
2016.06.01 06:54 
 

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Larsi
24
2014.07.11 13:43 
 

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MasterExpertAd
261
2014.07.06 02:18 
 

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Version 1.20 - 2015.01.06
Optimized code.
Version 1.10 - 2014.11.25
Improved notification of divergence, of crossing the zero line.