📚 New Feature: Share worksheets & get automatic grading via Google Classroom 🎓
-
Indicator for Meta Trader 4
-
Linear Regression Channel Indicator
-
Age 3+
-
level: intermediate
-
English
Author's Instructions
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.
My Google Classroom Courses
Quick Access
All Classes
-
Indicator for Meta Trader 4
-
Linear Regression Channel Indicator
-
Age 3+
-
level: intermediate
-
English
Author's Instructions
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.