Linear Regression Channel Indicator (Titan_Regression_Channel)
Indicator Overview
Automatic Linear Regression Channel
This indicator automatically displays a linear regression channel starting from a specified number of bars back from the most recent bar. Linear regression channels, which are derived from statistical linear regression trends, include horizontal lines that show the maximum statistical deviation above and below the trend and are used for trend analysis.
Overlaying Channels of Different Periods for Short-Term, Medium-Term, and Long-Term Trend Analysis
By overlaying linear regression channels of different periods, you can simultaneously review trends of varying lengths. This tool is invaluable for identifying optimal timing for trades based on pullbacks and retracements.
※ This indicator only works with the Windows version of TitanFX's MT5 and MT4.
Indicator Terms of Use
Only those who agree to all the following items may use the indicators distributed on this website (https://research.titanfx.com):
1.The indicators and related descriptions are based on various data believed to be reliable, but their accuracy and completeness are not guaranteed.
2.The data displayed by the indicators do not guarantee your investment results. Also, the displayed content may vary due to market conditions and communication environments.
3.Please make investment decisions using indicators at your own risk. We are not responsible for any disadvantages or damages arising from the use of indicators.
4.Specifications of the indicators are subject to change without notice. Changes will be announced on the indicator description pages, etc.
5.Indicators should only be used by customers who have downloaded them. Transferring or selling the indicators to third parties is prohibited.
Indicator Settings
Input (For MT5), Parameter Input (For MT4)
| Variable Name | Description | Default |
|---|---|---|
| Applied price | Select the price type to use. Options are 'Close' and 'High/Low'. | Close |
| Period | Specify the number of candles to include in the calculation. | 50 |
Color Settings (For MT5), Color Configuration (For MT4)
| MT5 | MT4 | Description |
|---|---|---|
| Upper Stop | 0 | Color, thickness, and style of the upper line |
| Lower Stop | 1 | Color, thickness, and style of the middle line |
| Lower Stop | 2 | Color, thickness, and style of the lower line |