I’m sharing a free indicator I built: a Multi‑Timeframe Linear Regression HUD rendered with Canvas, designed to show trend strength, deviation from regression, and recent candle bias — all in one compact dashboard.
Useful for discretionary traders who want a quick “market condition snapshot” across multiple timeframes.
Overview
I’m sharing a free indicator I built: a Multi‑Timeframe Linear Regression HUD rendered with Canvas, designed to show trend strength, deviation from regression, and recent candle bias — all in one compact dashboard.
Useful for discretionary traders who want a quick “market condition snapshot” across multiple timeframes.
Features
5 Timeframes: M1 / M5 / M15 / M30 / H1
3 Linear Regression Periods: configurable (default 20 / 50 / 100)
σ‑Deviation Position (%): shows how far the current price is from LR (normalized by σ × deviation factor)
Slope Direction: ↑ for positive slope, ↓ for negative
Candle Count: Up/Down count for the last N candles
Canvas HUD: clean, compact, always-on-screen display
Auto‑refresh: updates on every tick + timer
Screenshot
Source Code (Full MQ5)
Feel free to modify, reuse, or integrate into your own tools.
Notes
Works on any symbol
No chart objects except the Canvas label
Lightweight and fast
License
Free to use, modify, and redistribute. No restrictions.
Enjoy!
If this helps your workflow or you create a modified version, I’d love to see it.