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Polynomial Regression Slope Indicator and Its Parameters

Article MQL5 code base
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Summary

The document describes a technical indicator that fits a polynomial regression curve to prices over a selected span and presents the result as a histogram. Its adjustable inputs are the calculation period, the polynomial power, and the price series used in the calculation.

Illustrations are identified for different combinations of period and power, showing that these settings can be varied. The text does not explain how to interpret histogram values, define trading signals, compare the indicator with other methods, or provide backtest evidence. It therefore introduces the indicator’s construction and controls but leaves its practical use and predictive value unestablished.

Key ideas

  • The indicator fits a polynomial regression curve to prices across a chosen period.
  • Its output is displayed as a histogram.
  • The period controls the number of bars used in the calculation.
  • Polynomial power and applied price are additional adjustable inputs.
  • The document gives no signal rules or performance evidence.

Tags

Technical indicatorsStatistics

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.