i-Regression Channel
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use i-Regression Channel
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
kharko
i-Regression Channel generates regression channel.
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.
i-Regr_Channel_Time.mq5
- this indicator calculates the channel from the date fixed in the input parameters;
i-Regr_Channel_Bars.mq5
- this indicator calculates the channel from the number of bars fixed in the input parameters.
Indicators input parameters:
degree - degree of regression, changes from 1 to 61;
kstd - regression channel width;
data - channel calculation start date;
CountBars - the number of bars for the channel calculation;
Applied_price - applied price;
shift - the channel horizontal shift in bars.
This indicator was first implemented in MQL4 and published in 27.02.2009.
Linear Regression Channel (degree = 1):
Square (Parabolic) Regression Channel (degree = 2):
Cubic Regression Channel (degree = 3):
