The Linear Regression Channel Indicator MT4 is a trend indicator for MetaTrader 4 and is designed to plot channel trendlines on the main chart. The standard linear regression channel has five lines: a central regression line, two upper, and two lower deviation lines. The indicator draws these lines automatically and adds two outer bands for extended range analysis. The middle line shows the overall trend. The upper lines act as resistance, while the lower lines act as support. The top boundary connects swing highs; the bottom connects swing lows. The center line lies between them, offering a reliable guide to trend direction. As a result, traders can use these signals to enter or exit trades with more confidence. Additionally, the indicator is customizable, making it an invaluable tool for traders seeking to identify the trend and potential reversal points.
This indicator is suitable for traders of all skill levels and across all time frames. It is designed for use with any currency pair and integrates into any forex trading system or strategy, to identify the trend and potential reversal points.
Indicator Settings
How to Install Linear Regression Channel Indicator MT4
Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:
The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.
