Hey fellow traders! If you're diving into the world of MetaTrader 5, you might have noticed that not all indicators come with the option to apply them to other indicator data. But let me tell you, the Linear Regression Line is one that definitely fits the bill!
Now, while we traditionally use regression channels as objects, they can be a bit of a hassle to adjust constantly as new bars form. That's why I’m excited to share a version that can be applied to other indicators seamlessly.
Just a little heads-up: while the examples here might not show it, the color of the lines will actually change based on the slope of the regression line. It’s a nifty feature that can give you more insights into the market movements!
So, give this indicator a shot and see how it can enhance your trading strategy. Happy trading!
Comments 0