The Dserg – LinRegression Breakout indicator searches and displays consolidation areas and stable channel movement in the chart. If the linear regression channel for the last Nlin bars has the width of no more than 2*range points, then we draw a new channel. In the future you can work at the breakthrough.
The arrows show the inputs, stops and targets. Please, pay attention that not a morning flat breakthroughs well but also a stable movement at the beginning of the American session or the news issues. This peculiarity can be used in trade. Recommended pairs are EURUSD, EURGBP, timeframe М15, default settings are exactly for them. The indicator works well in other timeframes up to a week.
This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 03.03.2010.
MT5 Indicator – Download Instructions
Dserg – LinRegression Breakout is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
Dserg – LinRegression Breakout provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install Dserg – LinRegression Breakout.mq5?
- Download Dserg – LinRegression Breakout.mq5
- Copy Dserg – LinRegression Breakout.mq5 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on Dserg – LinRegression Breakout.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Dserg – LinRegression Breakout.mq5 is available on your Chart
How to remove Dserg – LinRegression Breakout.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Click here below to download MT5 Indicator: