The Linear Forex Signals indicator for mt4 (Metatrader 4) is a three-line channel used to identify future market trends.
The indicator gets displayed in the main MT4 chart window and consists of the upper channel line, lower channel line and the linear regression line.
Buy & Sell Trade Example
- Open a buy trade whenever price touches the lower orange channel line from above and the Linear channel is pointing up.
- Open a sell trade whenever price touches the upper blue channel line from below and the Linear channel is pointing down.
- Take profit at the opposite channel line.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “lineaire.mq4” indicator for MT4
Indicator Chart (EUR/USD M15)
The example chart below displays the Linear Forex Signals 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 Linear Forex Signals 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: Trend Channel
Does the indicator repaint? No.
