Moving Linear Regression
Moving Linear Regression (MLR) – indicator indicating the calculated value of the linear regression on each bar (candle). Indicator is drawn on a graph as curve.
It has two parameters:
- Per – the number of bars (candles) used to calculate the value of the linear regression;
- Shift – offset relative to the current schedule.
You can use the MLR indicator as a better alternative to the “retarded” Moving Average.
The most effective is the use of the indicator on “Intersection – bounce” strategy (see screenshot 3).
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