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Forex Indicator “RegressionPolynomial”

This is a trend indicator that does the computing the polynomial regression values on each ledge.

The optimized methods of computing are applied for the first and the second degrees. The method of the QRMA regression represents a special interest here. A well-known clause of 3*LWMA - 2*SMA is utilized for the first degree. Also, the code includes a function that computes QWMA, which is a more sensitive movement, than LWMA.

The classes of the library SmoothAlgorithms.mqh are applied by the indicator (they need to be copied in folder_data_terminal\MQL5\Include). A description in thorough details about the application of these classes was published in the article named “The price series averaging without using complementary buffers for intermediate calculations”.

This indicator was first implemented in MQL4 and was released in the CodeBase on the 27th of April, 2012. 

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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