Best Forex Indicators and auto trading ea for mt4

Best mt4 forex trading systems ea and indicators free download Linear Regression Indicator forex forex - indicators mt4 - MetaTrader Robots | Forex, trading, ea, strategies, indicators, free, mt4bots, currency, strength,

Linear Regression Indicator forex forex - indicators mt4


Linear Regression Indicator:

The Linear Regression Indicator is employed for trend recognition and trend following in an identical fashion to going averages.
The indicator really should not be confused with Linear Regression Lines — which are right lines suited to a series of data points. The Linear Regression Indicator plots the end points of a whole series of linear regression lines drawn on consecutive times. The advantage associated with the Linear Regression Indicator over a standard moving average is the fact that it's less lag compared to the moving average, responding faster to modifications in direction. The drawback is it is more prone to whipsaws.


 Linear Regression Indicator Trading Signals:


The Linear Regression Indicator is only suitable for trading strong trends. Signals are taken in a similar fashion to moving averages. Make use of the direction associated with the Linear Regression Indicator to enter and exit trades — with a longer term indicator as a filter.

    Go very long in the event that Linear Regression Indicator appears — or leave a quick trade.
    Go quick (or exit a long trade) in the event that Linear Regression Indicator turns straight down.

A variation regarding the above would be to enter trades when price crosses the Linear Regression Indicator, yet still leave as soon as the Linear Regression Indicator turns straight down.

Example:

 

Goldman Sachs is displayed with fuchsia 100-day Linear Regression Indicator and silver 300-day Linear Regression Indicator employed as a trend filter.

  •     Go long [L] whenever price crosses above the 100-day Linear Regression Indicator as the 300-day is rising
  •     Exit [X] when the 100-day Linear Regression Indicator turns down
  •     Go very long again at [L] when price crosses above the 100-day Linear Regression Indicator
  •     Exit [X] when the 100-day Linear Regression Indicator turns down
  •     Go very long [L] whenever cost crosses above 100-day Linear Regression
  •     Exit [X] once the 100-day indicator turns down
  •     Go long [L] whenever 300-day Linear Regression Indicator arises after cost crossed above the 100-day Indicator
  •     Exit [X] when the 300-day Linear Regression Indicator turns down. Bearish divergence in the indicator warns of a major trend reversal.
http://www.best-metatrader-indicators.com/download/linear-regression-indicator.zip

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