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TrueRegression

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.


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An exclusive indicator that utilizes an innovative algorithm to swiftly and accurately determine the market trend. The indicator automatically calculates opening, closing, and profit levels, providing detailed trading statistics. With these features, you can choose the most appropriate trading instrument for the current market conditions. Additionally, you can easily integrate your own arrow indicators into Scalper Inside Pro to quickly evaluate their statistics and profitability. Scalper Inside
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