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Adding MetaTrader 4 Linear Regression Slope Indices Technical Chart Indicator

Step 1: Open the Indices Trading Platform Navigator Window

Open the Navigator window as shown below; Go to “View” menu (click), then select the “Navigator” window (click), or From Standard Toolbar click the “Navigator” button or press short cut keyboard keys “Ctrl+N”



On the Navigator window, select “Indicators”, (Double Click)

MetaTrader 4 Linear Regression Slope Indices Indicator

MetaTrader 4 Linear Regression Slope Indices Indicator


Adding Linear Regression Slope MetaTrader 4 Indices Technical Chart Indicator

Expand the menu by clicking the expand button marker (+) or double click the “indicators” menu, after this the button will appear as (-) and will now display a list as shown below - select the Linear Regression Slope stock indices chart indicator from this list of stock indices indicators so as to add the Linear Regression Slope stock indexes technical indicator on the stock indexes trading chart.

From the Above window you can then place Linear Regression Slope indicator that you want on the Indices Trading chart

From the Above window you can then place Linear Regression Slope indicator that you want on the Indices Trading chart



How to Put Custom Linear Regression Slope Stock Indexes Indicator on MetaTrader 4 and How to Install Linear Regression Slope Stock Indexes Indicator MetaTrader 4

If the stock indices indicator you want to add is a custom indicator - for example if the Linear Regression Slope indicator you want to add is a custom indicator you will need to first add this custom Linear Regression Slope indicator on the MT4 stock indexes trading platform and the compile the custom Linear Regression Slope indicator so that the newly added Linear Regression Slope custom indicator appear on the list of custom indicators on the MetaTrader 4 stock indexes trading platform.


To learn how to install Linear Regression Slope indicators on MetaTrader 4, how to add Linear Regression Slope indicator window to MetaTrader 4 and how to add Linear Regression Slope custom indicator on MT4 stock indexes trading platform - How to add a custom Linear Regression Slope indices trading Indicator on MT4.



About Linear Regression Slope Indices Indicator Tutorial


Linear Regression Slope Indices Technical Analysis and Linear Regression Slope Indices Trading Signals

The Linear Regression Slope calculates the slope/gradient value of regression lines which involve the current stock indexes price bar and the previous n-1 stock indexes price bar (where n = regression periods)


This Indicator calculates this value and updates it for each stock indexes price candlestick loaded in the stock indexes price chart.


The Indicator is calculated from the Linear Regression Indices Technical Indicator. The linear regression plots the indices trend of the stock indexes price chart over a specified duration of time and this market indices trend is determined by plotting a Linear Regression Indices Trend Line using the "least squares fit" method. The slope of this indices trend line is then calculated and this forms the linear regression.

Linear Regression Slope Indices Indicator

Linear Regression Slope



The slope values are then smoothed by multiplying the raw slope indicator values by 100 and then dividing this value by the indices price


Linear Slope Regression = (raw value of slope * 100 / indices price).


The smoothing of the slope values is essential when comparing markets that are volatile and trade within wide stock indexes price ranges for each stock indexes price candlestick. The smoothed slope value will show the percent change in the stock indexes price per every candlestick used to calculate the regression (best fit) line.



Indices Technical Analysis and Generating Indices Trading Signals



  • If the smoothing of the slope is 0.30, then the regression line is rising and adjusting at a rate of 0.30% for every candlestick.

  • If the smoothing of the slope of -0.30, then the regression line is going down and adjusting at a rate of -0.30% for every candlestick.


The regression slope is displayed as a bi-color histogram that oscillates above and below zero center line. The center line that is used to generate indices trading signals is set at the 0 level.



  • A rising slope (greater than the previous value of 1 candlestick ago) is displayed in the Blue/Upward Slope color,

  • A declining slope (lower than the previous value of 1 candlestick ago) is displayed in the Red/Downward Slope color.

Linear Regression Slope Indices Indicator

Technical Analysis

 

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