TrendMetaTrader 5 • MQL5
Linear Regression Channel Indicator for MetaTrader 5
Dynamic regression channel with overbought and oversold bands
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About This Indicator
A linear regression channel that automatically draws the regression line and upper/lower deviation bands on the chart. Price tends to revert to the mean regression line, making the outer bands excellent entry and exit zones.
Key Features
- Auto-calculated regression channel
- Configurable standard deviation multiplier
- Upper and lower channel bands plotted
- Works on any period and timeframe
- Channel updates with each new bar
Frequently Asked Questions
How is linear regression used in trading?
Price touching the upper channel is considered overbought, while the lower channel is oversold. Traders look for mean reversion toward the center line.
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