LinearRegressionChannel
- Indicatori
- Ahmad Bin Fawzi Bin Al-akhdar Al-fazai
- Versione: 1.0
Linear Regression Channel – Indicator
The Linear Regression Channel is a custom MT5 indicator that plots a regression line through price over a specified number of bars, with dynamic support and resistance boundaries.
Central Line (BlueViolet):
Represents the linear regression line (best-fit line) based on the selected price type (Close or High/Low).
Upper Line (Lime):
Represents the regression-based resistance level, adjusted dynamically according to the highest deviation from the regression line.
Lower Line (Red):
Represents the regression-based support level, adjusted dynamically according to the lowest deviation from the regression line.
Inputs:
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Price Mode (Close / High-Low): Defines the price type for channel calculation.
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Close → uses closing prices.
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High-Low → uses high and low prices.
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Bars to Count: Number of bars used for the regression calculation (default: 50).
Features:
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Visualizes prevailing market trends and their slope.
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Highlights dynamic support and resistance zones.
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Assists with identifying potential price reactions near the channel boundaries.
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Suitable for technical analysis using trend-following or mean-reversion approaches.
