Linear Regression Slope for Metatrader 4 reveals the trend and displays the slope of the linear regression indicator in the bottom window of the trading platform.
Buying and selling with this indicator is easy to understand and works as follows:
- A buy signal occurs when the indicator turns back above the 0.00 neutral level.
- A sell signal occurs when the indicator turns back below the 0.00 neutral level.
The Linear Regression Slope indicator can be used for trade entries and exits or as a trend confirmation tool for your own trading strategy or system.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “LinearRegSlope_v1.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the Linear Regression Slope 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 when trading with the Linear Regression Slope 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: Slope
Does the indicator repaint? No.
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Download the “LinearRegSlope_v1.mq4” indicator for Metatrader 4
