The channel indicator plots a linear regression channel. First the indicator draws a trend line between two dots, then on its basis plots a channel of two parallel lines, which will be located at the same distance from the regression line. The distance to the regression line depends on the value of the maximum deviation of the closing price from the average line. If the price reaches the channel boundary or, which is better, crosses it, then the trend reversal is incoming.
The indicator proved itself best on the higher timeframes.
MT4 Indicators – Download Instructions
Regression Сhannel Forex Indicator is a Metatrader 4 (MT4) indicator and the essence of this technical indicator is to transform the accumulated history data.
Regression Сhannel Forex Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT4 Strategies
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How to install Regression Сhannel Forex Indicator.mq4?
- Download Regression Сhannel Forex Indicator.mq4
- Copy Regression Сhannel Forex Indicator.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader 4 Client
- Select Chart and Timeframe where you want to test your MT4 indicators
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client
- Right click on Regression Сhannel Forex Indicator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Regression Сhannel Forex Indicator.mq4 is available on your Chart
How to remove Regression Сhannel Forex Indicator.mq4 from your Metatrader Chart?
- Select the Chart where is the Indicator running in your Metatrader 4 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Regression Сhannel Forex Indicator (Free Download)
Click here below to download: