Logarithmic Forex Regression Channel Indicator (MT4)

The Logarithmic Regression Channel indicator for mt4 (Metatrader 4) identifies rising and falling currency markets and works great for trade entries.

The indicator gets displayed in the main MT4 chart window and consists of the 3 lines that form the Logarithmic Regression Channel.

Open a buy trade when the candlestick touches the lower blue channel line and the channel is trending up.
Open a sell trade when the candlestick touches the upper blue channel line and the channel is trending down.

The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.

Free Download

The example chart below displays the Logarithmic Regression Channel mt4 indicator in action on the trading chart.

Trading Tips:

Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the Logarithmic Regression Channel indicator.

As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.

Please note that even the best trading indicator cannot yield a 100% win rate over long periods.

Indicator Specifications & Inputs:

Trading Platform: Developed for Metatrader 4 (MT4)

Currency pairs: Works for any pair

Time frames: Works for any time frame

Trade Style: Works for scalping, day trading and swing trading

Input Parameters: Variable (inputs tab), color settings & style

Indicator type: Regression Channel

Does the indicator repaint? No.