Regression Channel indicator for MetaTrader 4 [MT4]

Linear Regression Channel consists of two parallel lines, equidistant up and down from the lines of linear regression trend. The distance between frame of the channel and regression line equals to the value of maximum close price deviation from the regression line (Kstd).

Chart examples

There are 3 types of regression channel that this indicator can plot on the chart. One is the linear channel (displayed below), the other two are the polynomial and the parabolic channels.

Regression Channel Settings

Kstd = channel distance from the regression lines (green)

Bars = history bars