Linear Regression Oscillator MT5

The basis of calculation values ​​of the indicator Linear Regression Oscillator (LRO) It includes the difference between the end and the starting point of the linear regression.

Indicator is drawn in a separate window as a histogram c additional signal line.

It has one parameter:

• Per - the number of bars (candles) used to calculate the value of the indicator.

You can use the LRO indicator as an oscillator and the open transaction under the following conditions:

1. When you change the color histogram.


2. When crossing the zero line.


3. In the event of divergence.

We have an indicator signal line, which filters the signals to open positions.

Buy signal:

• The indicator changes color to green and is above its signal line.


• When the light changes to red - close long positions.

Signal to buy:

• The indicator changes color to red and is below the signal line.


• When the light changes to green - close short positions.