The Linear Regression Real indicator is a useful and popular free Forex indicator for MT4. This indicator is based on a linear regression model and is used to identify the trend direction and to measure the strength of the trend. It also helps to identify potential support and resistance levels. The Linear Regression Real indicator plots a line that is used to measure the current trend. The angle of the line indicates the strength of the trend, and the intersection of the line with the price action can indicate potential support and resistance levels. The indicator also plots a signal line which helps to determine when a trend is starting or ending. The indicator is easy to use and can be applied to any currency pair. It can also be used to identify potential entry and exit points. This indicator is a great tool for traders who want to identify trends and potential trading opportunities.
MT4
Linear Regression Real
This free Forex indicator for MT4 is a popular tool used by traders to identify trends in the market. It works by plotting a linear regression line on the chart, which is then used to determine the strength of the trend. With its easy to use interface and intuitive features, the Linear Regression Real indicator is a popular choice among traders and can be a useful addition to any Forex trading strategy.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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