Linear Regression Dual Signals Indicator
Platform: MT4 Type: Trend Last update: September 30, 2024The Linear Regression Dual Signals indicator for MT4 works like an improved version of the moving average indicator. It was actually developed to perform much faster at recognizing the market trends.
The main signal line changes its color according to the bullish or bearish trend, giving its users a potential buy/sell forex entry point.
These signals can be judged as highly accurate and reliable.
Usage suggestions for the linear regression dual signals
Signals provided by the Linear Regression Dual Signals Indicator are really intuitive and will not cause you difficulties. Simply follow the suggestions below.
Buy Entry: Open long trade when the Linear Regression Dual Signals indicator signal line turns green. Place your stop loss a few pips below the last swing low.
Sell Entry: Open short trade when the Linear Regression Dual Signals indicator line turns red. Place your stop loss a few pips above the last swing high.
Exit Trade / Take Profit: Close your open position when the Linear Regression Dual Signals indicator line turns yellow, or use your own preferred method of trade exit.
The Linear Regression Dual Signals is able to picture the entire trend. This is one reason why traders end up with massive profits from closing positions that were generated off this indicator.
Example of EUR/CAD M5 Chart
This screenshot below shows an example of the Linear Regression Dual Signals Indicator in action.
