How to Add Linear Regression Slope Indicator on MT4 Charts

Step 1: Open the Navigator Panel on Trading Platform Software

Open Navigator window as shown & displayed below: Go to 'View' menu (press on it), then choose 'Navigator' window (press), or From Standard Tool-Bar click 'Navigator' button or press key-board shortcut keys 'Ctrl+N'

On Navigator window, choose 'Indicators', (Double Press)

How to Add Linear Regression Slope Indicator on MT4 - How Do You Use Linear Regression Slope Indicator in Forex?

How Do I Add Linear Regression Slope Indicator on MT4 - MT4 Linear Regression Slope Indicator

Step 2: Expand the Indicators Menu on the Navigator - Adding Linear Regression Slope MT4 Indicator

Expand the menu by clicking expand(+) button marker (+) or doubleclick the 'indicators' menu, after this the button will appear as (-) and will now display a list as shown below - select the Linear Regression Slope chart indicator from this list of indicators so that to add the Linear Regression Slope indicator to the chart.

How Do I Add Linear Regression Slope Indicator on the Chart? - How to Use Linear Regression Slope Indicator

How Do You Add Linear Regression Slope Indicator - From the Above window you can then place Linear Regression Slope indicator that you as a trader want on the chart

How to Add Custom Linear Regression Slope Indicator to MT4

If the technical indicator you want to add is a custom indicator - for example if the Linear Regression Slope technical indicator you as a trader want to add is a custom indicator you will need to first add this custom Linear Regression Slope indicator on the MT4 platform & then compile custom Linear Regression Slope indicator so that the newly added Linear Regression Slope custom indicator pops up on the list of custom indicators in MT4.

To learn how to install Linear Regression Slope indicators on MT4, how to add Linear Regression Slope indicator window to MT4 and how to add Linear Regression Slope custom indicator in MT4 - How to add a custom Linear Regression Slope indicator in MT4.

About Linear Regression Slope Technical Indicator Explained

Linear Regression Slope Analysis Signals

Linear Regression Slope calculates the slope/gradient value of regression lines which involves the current price bar & the previous n-1 price bar (where n = regression periods)

This Indicator calculates this value and updates it for each price candle loaded in the market price chart.

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

How Do You Use Linear Regression Slope Indicator? - Linear Regression Slope Technical Indicator Settings on MT4

Linear Regression Slope

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

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

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

Forex Analysis & Generating Signals

If the smoothing of the slope is 0.30, then the regression line is rising & 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 & below zero centerline. Center Line which is used to generate trading signals is set at the 0 mark.

A rising slope (greater than the previous value of 1 candle ago) is displayed in the Blue/Upward Slope colour,
A declining slope (lower than the previous value of 1 candlestick ago) is displayed in the Red/Downward Slope colour.

How to Use Linear Regression Slope Indicator - Linear Regression Slope Indicator Setting in MetaTrader 4

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