Search metatrader indicators, expert advisors and scripts

Linear Regression Channel with sound alert

i-regr alert

i-Regr Alert is a linear regression channel indicator with sound alert. The alert is at the touch of the extreme yellow lines of the regression channel. In a forex trading strategy you can use the regression channel to sell when the price reach the top yellow line (overbought) and buy at the bottom yellow line (oversold). However, to be successful using this indicator further confirmation are needed, for example look at reversal patterns formed when the price touch one of the yellow lines. For this purpose I suggest to check the candlestick pattern recognition indicator

There are three type of regression you can choose:

  • Linear regression channel
  • Second power polynomial regression channel
  • third power polynomial regression channel