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Sunday, 22 May 2022
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Forex-Trend-Linear-Reg-Indicator
Forex-Trend-Linear-Reg-Indicator

Forex-Trend-Linear-Reg-Indicator

Watch the testing video here:

Trend Linear Regression Indicator

 

The Linear Regression Indicator is used for trend identification and trend following in a similar fashion to moving averages. The indicator should not be confused with Linear Regression Lines — which are straight lines fitted to a series of data points. The Linear Regression Indicator plots the end points of a whole series of linear regression lines drawn on consecutive days. The advantage of the Linear Regression Indicator over a normal moving average is that it has less lag than the moving average, responding quicker to changes in direction. The downside is that it is more prone to whipsaws.

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