The automatic regression channel Forex Metatrader 4 indicator draws a dynamic channel around price.
It calculates and displays the Forex regression channel in real-time.
It’s a great indicator that provides easy to use buy and sell signals based on the position of the trading channel.
How it works
- The trend is considered bullish when the automatic regression channel is sloping up (enter buy trade at the lower red regression channel line).
- The trend is considered bearish when the automatic regression channel is sloping down (enter sell trade at the upper blue regression channel line).
Tip: Use this indicator together with a candlestick reversal pattern to double confirm the buy or sell trade.
Many traders use it for scalping and day trading purposes on various currency pairs during the most volatile trading sessions (London, New York).
Some of the feedback we’ve received from Forex traders reveal that their winning rate increased by at least 60% by adopting the automatic regression channel MT4 indicator for market entry and exit.
Feel free to explore the indicator’s different parameters and settings to create your personalized indicator setup.
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Automatic Regression Channel Forex Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
This indicator works for any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With The Automatic Regression Channel Forex Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Buy the currency pair at the bottom of the channel (red lower line) when the Automatic Regression Channel is sloping up (bullish trend).
Place a protective stop loss below the low of the Automatic Regression Channel red line, or use your own stop loss placement strategy.
Close the buy trade at the upper blue regression channel line, or use your own favorite take profit method.
Sell Trigger: Sell the currency pair at the top of the channel (blue upper line) when the Automatic Regression Channel is sloping down (bearish trend).
Place a protective stop loss above the high of the Automatic Regression Channel blue indicator line, or use your own stop loss placement strategy.
Close the sell trade at the lower red regression channel line, or use your own favorite take profit method.
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Channel period, use high low, colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, DeMarker,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI, Parabolic SAR,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: regression channel
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.