The Linear Regression Double Trend Line MT4 indicator is based on linear regressions and trend lines.
The indicator generates alerts when the trend changes direction based on the double trend line.
It’s a good indicator if you like to trade buy and sell forex signals from trend changes.
It can be used on any timeframe and forex pair and suits scalpers, day traders and swing traders.
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Download the “LRDegrees.mq4” MT4 indicator
Indicator Chart (EUR/USD M15)
The EUR/USD M15 chart below shows the LRDegrees forex indicator in action.
Basic Trading Signals
Buy Trade: Go long when the indicator shows an up arrow, means the trend is bullish.
Sell Trade: Go short when the indicator shows an down arrow, means the trend is bearish.
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Download the “LRDegrees.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (Linear Regression 1, Linear Regression 2, Alerts) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Trend lines
