How to Set Linear Regression Slope on MetaTrader 4 Charts

Step 1: Open the Navigator Panel on Trading Software Platform

Open Navigator window like is shown & displayed below: Go to the 'View' menu (press on it), then select 'Navigator' window (press), or From Standard ToolBar click 'Navigator' button or press key board short-cut keys 'Ctrl+N'

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

How to Set Linear Regression Slope in MT4 - How Do You Use Linear Regression Slope in Forex?

How Do I Set Linear Regression Slope on the MT4 - MT4 Linear Regression Slope Indicator

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

Expand this menu by clicking the open(+) tool/button marker label ' + ' or doubleclick the 'indicators' menu, afterwards this particular given button will appear and be shown as (-) & will now display a list like is shown below - select the Linear Regression Slope chart indicator from this list of indicators so that to add the Linear Regression Slope to the chart.

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

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

How to Set Custom Linear Regression Slope to MT4

If the indicator you want to add is a custom technical indicator - for example if the Linear Regression Slope you as a trader want to add is a custom indicator you will need to first add this custom Linear Regression Slope on the MT4 software & then compile custom Linear Regression Slope so that as the newly added Linear Regression Slope custom indicator pops up on the list of custom indicators on MetaTrader 4 Platform Software.

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

About Linear Regression Slope Example Explained

Linear Regression Slope Analysis Trading 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 price chart.

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

How Do You Use Linear Regression Slope Indicator? - Linear Regression Slope 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 the 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.

FX Analysis and Generating Signals

If the smoothing out of the slope is 0.30, then the regression line is rising and adjusting at the rate of 0.30 % for every candlestick.
If the smoothing out of the slope of -0.30, then the regression line is going down & adjusting at the rate of -0.30% for every candlestick.

The regression slope is displayed as a bi-color histogram that oscillates above and 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 candlestick ago) is displayed and shown in the Blue/Upward Slope colour,
A declining slope (lower than the previous value of 1 candlestick ago) is illustrated & displayed in the Red/Downward Slope colour.

How to Use Linear Regression Slope - Linear Regression Slope Setting in MT4

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