LinRegression Breakout Signal Indicator

Signal indicator LinRegression Breakout is intended for drawing the price channels on the currency pair chart, as well as for marking entries into the market at the breakout of channels.

Application in trade

When the channel is broken, the signal indicator LinRegression Breakout gives a signal to enter the market in the form of an arrow up or down. Stop loss level marked with a cross, the level of take profit - with an arrow pointing sideways.

By default, the LinRegression Breakout signal indicator is set on the currency pairs EUR/USD, EUR/GBP and M15 timeframe. If desired, the indicator can be adjusted for any currency pair and timeframe.

According to ForTrader.org experts, the LinRegression Breakout signal indicator can be used as a source of trading signals only in combination with additional filters to avoid false market entries.

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