by Dr.Hamdi Boukamcha
MVV_LinearRegression [ ru | cn ]
Author: MVV (2008.06.16 10:19)
Downloaded: 4691
MVV_LinearRegression   MVV_LinearRegression.mq4 (2.8 Kb) View
MVV_LinearRegression   gbp1.gif (37.1 Kb)
MVV_LinearRegression   gbp2.gif (28.4 Kb)
The standard linear regression channel and support/resistance levels. If you anchor the beginning of a channel to the price maximum, the channel will be redrawn at each new price minimum. If the minimum is not refreshed within five bars, the indicator will draw a price label that will represent a strong support level after the channel has been broken through. Vice versa, for an up-channel.

The first picture shows channel anchoring, the second one shows price level processing.

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