Polynomial Regression Channel Indicator

Platform: MT5 Type: Channel

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Last update: January 6, 2025

The Polynomial Regression Channel Indicator for MT5 displays a dynamic channel with auto adjustments to the price volatility. The middle line is very important as it color code tells traders about upward or downward market direction. Namely green and blue corresponds to bullish and bearish movement respectively.

Example chart:

polynomial regression channel indicator example chart

As you can see on the screenshot, it’s very flexible. As a rule of thumb, traders should use the bands as entries and take profit targets. For instance, during a bearish trend, an entry should be considered at or near the upper band with take profit target at the lower band.