The Regression indicator draws upper and lower bands along with a center line. Rising bands indicate rising currency prices.
On the contrary, falling bands indicate falling prices.
Trading Signals From This Indicator
BUY: In rising markets, look to buy near the lower band.
SELL: In declining markets, look to sell near the upper band.
Use in conjunction with other technical indicators and tools.
Configurable Indicator Options
Period, Degree, Color,…
USD/CHF 4 Hour Chart Example
How to install the Regression custom indicator in Metatrader 4?
- Download the Regression.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.