Meet the Creator:
Dserg
The Dserg - LinRegression Breakout indicator is a powerful tool designed to identify consolidation zones and stable channel movements right on your chart. When the linear regression channel over the last Nlin bars narrows to 2 times the range points or less, a new channel is drawn, setting you up for potential breakouts.
Look for arrows that indicate entry points, stop-losses, and target levels. It's worth noting that breakouts during the morning flat are not as reliable as those occurring at the start of the American trading session or during major news releases. This insight can be a game-changer in your trading strategy.
For optimal results, focus on trading pairs like EUR/USD and EUR/GBP on the M15 timeframe, as the default settings are tailored for these pairs. However, this indicator can perform well across other timeframes, extending up to a week.
This indicator was initially developed in MQL4 and was first published on the Code Base at mql4.com on March 3, 2010.
Fig.1 Dserg - LinRegression Breakout
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