This Change Alert monitors barmenteros original indicator that compares four types of regression (linear, quadratic, logarithmic and exponential) and chooses the one that best fits the data analyzed.
The idea is fast detect regression support and resistance breaks, to faster reaction and decision making.
Changes are registered in Graph and Alert Panel as depicted above.
Example: [***** LinReg=0.00024 ***** and LogReg –> LinReg] indicates that the best type of regression changed to LinReg, as shown in the Alert panel.
MT5 Indicator – Download Instructions
Regression Analysis Alert is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
Regression Analysis Alert 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 Regression Analysis Alert.mq5?
- Download Regression Analysis Alert.mq5
- Copy Regression Analysis Alert.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 Regression Analysis Alert.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Regression Analysis Alert.mq5 is available on your Chart
How to remove Regression Analysis Alert.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: