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Indicator for Meta Trader 4
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Linear Regression Channel Indicator
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Edad 3+
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level: intermediate
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English
Instrucciones del autor
The Linear Regression Channel Indicator is one of the Meta Trader 4 indicators that automatically draws regression channels on the price chart, allowing for the identification of Bullish-Bearish Trends based on the channel's slope. In bullish trends, the channel slope is upward (positive), and in bearish trends, it is downward (negative). The level 2 lines of the channel (upper and lower lines) provide buy and sell signals to traders. Additionally, channel lines can serve as areas of Oversold, Overbought, Support-Resistance, and potential Reversal Points.
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Indicator for Meta Trader 4
-
Linear Regression Channel Indicator
-
Edad 3+
-
level: intermediate
-
English
Instrucciones del autor
The Linear Regression Channel Indicator is one of the Meta Trader 4 indicators that automatically draws regression channels on the price chart, allowing for the identification of Bullish-Bearish Trends based on the channel's slope. In bullish trends, the channel slope is upward (positive), and in bearish trends, it is downward (negative). The level 2 lines of the channel (upper and lower lines) provide buy and sell signals to traders. Additionally, channel lines can serve as areas of Oversold, Overbought, Support-Resistance, and potential Reversal Points.