Hey fellow traders! Today, let's dive into some essential tools that can elevate your trading strategy on MetaTrader 4: R-Squared and Linear Regression. These indicators aren't just buzzwords; they can really sharpen your analysis and help you make informed decisions.
Besides their primary functions, these indicators can do a few neat tricks:
- Slope
- Slope in degrees
- Variance
- Standard Deviation
- Mean
- "Fake Graphs"
Now, about those "Fake Graphs"—this feature is a game changer when you're coding an Expert Advisor (EA) and testing it out in MT4. The strategy tester doesn’t show real-time data from your indicators, which can be a bit of a hassle. But with this function, you can plot the live data from your indicators right in the main window. Just fill the array with the actual N-values and call the procedure "Fake Graph" to see it all come together.
By the way, a quick update: as of 8/6/2022, we've squashed a pesky bug in the graph generation cycle, so you should notice smoother performance.
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