The Linear Regression Channel Breakout indicator for mt4 (Metatrader 4) provides buy and sell signals based on the linear regression trading method.
The indicator gets displayed in the main MT4 chart window and consists of the 2 channel lines that provide the actual breakout signal arrow.
Buy & Sell Trade Example
- A green colored arrow is a buy signal.
- A magenta colored arrow is a sell signal.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “linear regression channel breakout.mq4” indicator for MT4
Indicator Chart (USD/CHF H1)
The example chart below displays the Linear Regression Channel Breakout mt4 indicator in action on the main chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the Linear Regression Channel Breakout 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.
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Download the “linear regression channel breakout.mq4” indicator for Metatrader 4
