Linear Regression Sketcher Indicator

Platform: MT5 Type: Trend

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Last update: December 30, 2024

The Linear Regression Sketcher Indicator for MT5 is an enhanced version of this tool with main difference being the inclusion of additional lines. They are provided on charts in order to reflect direction at a specific time and price. In the results, forex traders can use both the regression final output and its rate of change for a more comprehensive understanding of trends.

Ultimately, the main signal is bold orange line for bearish readings and green for bullish readings. One can get prepared for signal switch observing the behaviour of dotted lines.

Example chart:

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