Simple Regression Channel indicator

Simple Regression
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Simple Regression Channel indicator

Simple Regression Channel automatically generates Regression Channel, based on timeframe (user input).

Linear Regression Channel consists of two parallel lines located at the equal distance from the linear regression trend line. The distance between the channel borders and the regression line is equal to the value of the highest close price deviation from the regression line.

The indicator code features:

  • This indicator can be attached to any chart timeframe.
  • The calculation will be based on applied timeframe in the input.

Input Parameters

  • Look back period (default: 30 bars)
  • Applied timeframe (default: Period_H4)
  • Regression style (default: Solid)
  • Regression color (default: Dark Blue)


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Simple Regression Channel indicator

Guide for installing Expresspads scripts and templates:To install the meta-indicator in the meta-tag, first click on the File.

Then select the open data folder menu from the menu.

Open the folder on the page to install the template

Attach your own template that you previously copied.

Open the MQL4 folder to install the indicator or EXPERT or script

And then install the indicator if you want it

In the index folder and if the EXPERT is in the EXPERT folder

And if you have a script, copy and paste in the script folder.

Now close your meta trader and open it again.

In the corresponding menu, you see the indicator, the Express or the desired script added

Just select your desired chart

And click on the indicator or Express or the script you like to call it.

For the template, if you right-click on your chart and see the Templates section

The template you have added is now and you can call it.

This post is also available in: Persian

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