Linear Regression Channel Indicator with Extended Support and Resistance Lines
Summary
The document describes a linear regression channel indicator that adds independent support and resistance lines to a standard regression channel. These additional lines can extend across a large portion of the price amplitude and can cross independently on the chart. The indicator stores all channel lines in separate buffers, making them available to Expert Advisors for automated strategy logic.
The text identifies the indicator’s author and notes that an MQL4 implementation was published in 2009, with a later code listing translated from Russian. It provides no calculation details for the regression fit, line placement, or extension rules, and includes no trading signals, backtests, or performance comparisons. The description therefore explains the indicator’s charting and integration features, but is insufficient to reproduce its calculations or assess whether its lines produce useful entries, exits, or risk levels.
Key ideas
- The indicator extends a standard linear regression channel with additional support and resistance lines.
- The extra lines can extend over much of the price amplitude and cross independently.
- Channel values are exposed in buffers for use by Expert Advisors.
- The document does not explain the calculation rules or provide performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.