Auto Forex Regression Channel is a free mt4 (Metatrader 4) indicator that can be used for both trade entries and exits and it works for any currency pair.
The regression channel will dynamically update its slope according to the underlying trend.
The indicator is very reliable, lightweight, and will not slow down your trading platform.
General assumptions:
- The trend is upward when the indicator’s slope is rising.
- The trend is downwards when the indicator’s slope is declining.
The Auto Forex Regression Channel indicator can also be used together with your own favorite trading strategy for improved performance.
The indicator works on all trading instruments (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..).
Free Download
Download the “regression_channel.mq4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
The picture below shows the Real Cloud Forex Trend mt4 indicator in action on the trading chart.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown above.
Trading Tips:
Utilize your own favorite trade entry, stop loss and take profit method to trade with the Auto Forex Regression Channel indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: channel
Repaint? Dynamically updates the auto regression channel according to the underlying trend.
Download Now
Download the “regression_channel.mq4” indicator for Metatrader 4
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the regression_channel.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.