MetaTrader 5 MT5 Indicators Regression Analysis – indicator MetaTrader 5

Regression Analysis – indicator MetaTrader 5

This indicator compares four types of regression (linear, quadratic, logarithmic and exponential) and chooses the one that best fits the data analyzed.

This analysis is done every time there is a new tick.

//--- input parameters
// dp_limiter  It should be >2 . If not it will be autoset to default value
input ushort         dp_limiter  =100;     // Number of data points
input uint           endpos      =0;      // Last value position
input double         multStdDev  =1.96;    // Bands separation
input inputs_switch  comments   =On;     // Comments switch
input inputs_switch  record     =Off;    // Record info into a file text

In the left top corner of the chart four values are displayed.

Alternative:   BW-wiseMan-1 - indicator MetaTrader 5

These values represent the dispersion of data regarding to its regression, so the smallest value indicates the best option.

Regression Analysis

Regression Analysis

Additionally, the indicator allows recording these values into a text file for further analysis.

Regression Analysis

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