Linear Regression Slope Indicator
Info
The Linear Regression Slope Indicator is a Indicator for MetaTrader 5 that linear regression slope indicatorthis indicator displays the slope of the linear regression line. Features:- Simple Moving Average- Exponential Moving Average- Smoothed Moving Average- Linear Weighted Moving Average- JMA Adaptive Average- Ultralinear Smoothing- Parabolic Smoothing- Tillson's Multiple Exponential Smoothing- Smoothing using Tushar Chande's algorithm- Smoothing using Perry Kaufman's algorithmNote: The phase type parameters for different smoothing algorithms have completely different meanings.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Linear Regression Slope Indicator
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.
What this tool does
Linear Regression Slope IndicatorThis indicator displays the slope of the linear regression line.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: AIS Smoothed Linear Trend Indicator - another powerful indicator for MetaTrader 5 traders.
Linear Regression Slope IndicatorThis indicator displays the slope of the linear regression line.
Also recommended: nadaraya-watson kernel regression for institutional-grade volatility analysis - similar indicator with strong performance on MetaTrader 5.
Features:
- Simple Moving Average
- Exponential Moving Average
- Smoothed Moving Average
- Linear Weighted Moving Average
- JMA Adaptive Average
- Ultralinear Smoothing
- Parabolic Smoothing
- Tillson's Multiple Exponential Smoothing
- Smoothing using Tushar Chande's algorithm
- Smoothing using Perry Kaufman's algorithm
Note: The phase type parameters for different smoothing algorithms have completely different meanings.
For JMA, it is an external phase variable changing from -100 to +100.
For T3, it is a smoothing ratio multiplied by 100 for better visualization.
For VIDYA, it is a CMO oscillator period.
For AMA, it is a slow EMA period.
In other algorithms, these parameters do not affect smoothing.
For AMA, the fast EMA period is a fixed value and is equal to 2 by default. The ratio of raising to the power is also equal to 2 for AMA.
The indicator utilizes classes from the smoothalgorithms.mqh library. This library must be copied to the 'terminal_data_folder\mql5\include' directory.
The usage of these classes was thoroughly described in the article.
You may also like: linear regression slope indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_plots 2
#property indicator_type1 draw_line
#property indicator_color1 dodgerblue
#property indicator_style1 style_solid
#property indicator_width1 1.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.