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MVV_LinearRegression - indicator for MetaTrader 4
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- 26266
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- Published:
- 2008.06.16 08:19
- Updated:
- 2014.04.21 14:52
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The standard linear regression channel and support/resistance levels. If you anchor the beginning of a channel to the price maximum, the channel will be redrawn at each new price minimum. If the minimum is not refreshed within five bars, the indicator will draw a price label that will represent a strong support level after the channel has been broken through. Vice versa, for an up-channel.
The first picture shows channel anchoring, the second one shows price level processing.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/8144
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