Past Regression Deviation Indicator
Info
The Past Regression Deviation Indicator is a Indicator for MetaTrader 5 that the past regression deviation indicator features 7 parallel lines that form price channels, serving as support and resistance levels, as well as a trend line to determine the current trend direction. This indicator effectively displays levels and can be utilized in strategies involving price breakouts or retreats from these levels.
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 Past Regression Deviation 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
The Past Regression Deviation indicator features 7 parallel lines that form price channels, serving as support and resistance levels, as well as a trend line to determine the current trend direction.
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: nadaraya-watson kernel regression for institutional-grade volatility analysis - another powerful indicator for MetaTrader 5 traders.
The Past Regression Deviation indicator features 7 parallel lines that form price channels, serving as support and resistance levels, as well as a trend line to determine the current trend direction.Also recommended: linear regression slope indicator - similar indicator with strong performance on MetaTrader 5.
This indicator effectively displays levels and can be utilized in strategies involving price breakouts or retreats from these levels.
Originally implemented in MQL4, this indicator was first published on 24.10.2026.
You may also like: linear regression channel indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property version "1.00"
#property indicator_chart_window
#property indicator_buffers 7
#property indicator_plots 7
#property indicator_type4 draw_line
#property indicator_color4 mediumvioletred
#property indicator_style4 style_dashdotdot.......
⚠ 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.