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All about Trend Line & Channel

This is a discussion on All about Trend Line & Channel within the Trading tools forums, part of the Trading Forum category; Trendlines and Horizontal lines crossing notification EA - expert for MetaTrader 5 This EA searches for Horizontal and Trend lines ...

      
   
  1. #21
    member mql5's Avatar
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    Trendlines and Horizontal lines crossing notification EA

    Trendlines and Horizontal lines crossing notification EA - expert for MetaTrader 5

    All about Trend Line & Channel-cb47.png


    This EA searches for Horizontal and Trend lines of specified color in MonitoringColor on current chart and notifies you when price crosses them.

    When it happens, after the notification, it also changes line color to what specified in CrossedColor parameter and stops monitoring for price crosses on it, until the user changes its color again.
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  2. #22
    member mql5's Avatar
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    Regression Channel with variable polynomial degree

    Regression Channel with variable polynomial degree - indicator for MetaTrader 5

    All about Trend Line & Channel-p1.png


    All about Trend Line & Channel-p2.png


    All about Trend Line & Channel-p3.png


    original by Boris: https://www.mql5.com/en/code/8417
    V1.1 by graziani: https://www.mql5.com/en/code/11749
    • i-Regr: Polynomial Regression Channel consists of two parallel lines, equidistant up and down from the line of polynomial regression trend. The distance between frame of the channel and regression line equals to the value of maximum close price deviation from the regression line.
    • e-Regr: (work in progress) MetaTrader Expert Advisor e-Regr based on Regression Channel MetaTrader Indicator. Trade signals: If price lower than under line - Buy, If price bigger than upper line - Sell, TakeProfit by average line.
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