regression channel with variable polynomial degree
Info
The regression channel with variable polynomial degree is a Indicator for MetaTrader 5 that i-regr:polynomial regression channel consists of two parallel lines, equidistant up and down from the line of polynomial regression trend. the distance between frame of the channel and regression line equals to the value of maximum close price deviation from the regression line.
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 regression channel with variable polynomial degree
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
i-regr:polynomial regression channel consists of two parallel lines, equidistant up and down from the line of polynomial regression trend.
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: Mediana Trendline: MTF Parallel Channel Indicator - another powerful indicator for MetaTrader 5 traders.
i-regr:
polynomial regression channel consists of two parallel lines, equidistant up and down from the line of polynomial regression trend. the distance between frame of the channel and regression line equals to the value of maximum close price deviation from the regression line.
Also recommended: Channel Sun Signals Indicator - similar indicator with strong performance on MetaTrader 5.
e-regr:
(work in progress) metatrader expert advisor e-regr based on regression channel metatrader indicator. trade signals: if price lower than under line - buy, if price bigger than upper line - sell, takeprofit by average line.
screenshot an hour later:
the indicator is a great tool to talk about statistics of historical data.
the right edge history (blue lines) is not that convincing:
You may also like: Breakout Distance - Donchian Channel with Distance-to-Trigger Panel in ATR Units - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ 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.