Regression Channel V2
Regression Channel V2 is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around price channels. This copy is version 2. Its source code uses moving averages. It has 11 settings, for example Number Name (default 1), i Period (default 56) and MAShoot (default 50). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v2 · Free
About Regression Channel V2
Regression Channel V2 is an indicator for MetaTrader 4 based on Moving Average. It has 11 settings, such as Number name, I period and Ma shoot. MQL source code included.
Files in the download: Regression_Channel_V2.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Number name | 1 | |
| I period | 56 | Period or timeframe used by the calculation |
| Ma shoot | 50 | |
| Line weight | 1 | |
| Line color | Magenta | Colour on the chart |
| St dev outside | 1.618 | |
| Outside | SteelBlue | |
| Outside weight | 1 | |
| St dev inside | 0.809 | |
| Inside | Goldenrod | |
| Inside weight | 1 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Channels & Envelopes · Moving Average · MT4 Indicator · MQL4 Source Code