Toolkit for Regression Line

In a set of 4 LEDs that allow the market to understand the intention. They have a common principle of action - their signals based on the difference between the position of the regression line (RL), built on the current and on a smaller timeframe (TF) for the same time period.

Where does this difference? The regression line, it is also best-fit line is a line drawn in such a way that the sum of the distances before it vanishes. Those. each point is considered on the considered time interval. It is obvious that on a smaller TF points more. It is also obvious that, e.g., the grouping of points at the top of RL will cause displacement upwards.

Those. joint consideration of two LR allows to evaluate not only the trend, but also the "pulse" transmitted it to the next candle.

The set includes:

One Bar. Inside each bar invested several bars younger timeframe. That if you look inside the bar and see not only the way in which he "grew up", but also as developed? if he finished at the peak of their development or on the decline?

LR is conducted from the first to the last bar Jr. TF constituting the bar older FFs, and the corresponding price is compared with the beginning of the Republic of Lithuania. If the latter value is higher - rising bar below - decreasing.

Real Angle. It shows how many items pass the price per 1 bar of the current TF. The signal to buy - the line corresponding to the current TF line above junior TF. Below - a signal to sell.

Position relative to the zero line is the same signal. Values ​​below the zero line - LR inclined downward, i.e. price falls; above - is growing.

Main Mode (Difference H, L). This indicator considers only the difference between the slopes of the Republic of Lithuania; It displayed for 3 types of prices - High, Low and the control you selected.

A buy signal will be the position of the Line of Control and High above the zero line; sell signal - Control and Low below 0.

Main Mode with arrows. The same as in the previous indicator, but for ease of interpretation An arrow indication introduced.

Arrow - made purchase conditions and the current value of the control rates above 2 previous.

Down arrow - the conditions of sale and the current value of the control rates below 2 previous.

Line Difference. It allows you to compare the position of the Republic of Lithuania built on two FFs. It displays the difference angle, the position of beginning and end of LR. The position of the last value is reversed to simplify the perception.

It is necessary to specify the type of prices, to which the indicator is applied.

settings:

Mode. Selecting the indicator of the set.

Period. The period for the construction of the Republic of Lithuania on the current timeframe. Mode One Bar - smoothing period.

Previous period. Possible variants:

- avtovychislenie: as used Jr. TF previous or preceding it;

- direct instruction.

Note:

- M30 is ignored as an intermediate;

- with direct indication may be problems with the calculation of time, the presence of history.

price type. type of prices. For Main Mode is the control price, all other - only one used.

MA Mode (for 'One Bar' Mode). Select the smoothing method. Mode Only One Bar.

Limit bars to count. The indicator uses a lot of computations, so the initiate can "slow down" the system (only for initiation!). To reduce this effect to a minimum, it is possible to limit the depth of the history of shorthand. Value 0 - no limitation.

When you first start, the results may be distorted because of the lack of history Jr. TF. Just go to the TP, and the history to load. Then go back.

The indicator in the Main Mode operation for intraday trading on H4 TF above low reliability. Like the M15.

The remaining work on any timeframe.

Note: LEDs are available, and not a trading system. Use in conjunction with other techniques. Before using a live account, try different settings and make sure they comply with your trading style.

. See also the indicator Regression Line:

https://www.mql5.com/ru/market/product/7758