Hi, i think this a very valuable indicator, but i use NT7! Its a more advanced linear regression tool. My programming is limited as well as conversion know how. This indicator is free from another source, so whoever can convert it it should be shared on the NexusFi community! Im also getting a conversion quote from these guys TradingCoders | Programming for NinjaTrader, MT4, MultiCharts.NET Help appreciated!

Source:
https://www.mql5.com/en/code/10249

ericson 

Hi, i think this a very valuable indicator, but i use NT7! Its a more advanced linear regression tool. My programming is limited as well as conversion know how. This indicator is free from another source, so whoever can convert it it should be shared on the NexusFi community! Im also getting a conversion quote from these guys TradingCoders | Programming for NinjaTrader, MT4, MultiCharts.NET Help appreciated! Source: https://www.mql5.com/en/code/10249

It looks like a polynomial regression channel. This is a repainting indicator that adjusts to price after the fact.

It is useful, as long as you do not think that the line was there when price plotted.

It can only be used for the very last bar.

I think there are NT versions of this indicator around, so it does not need to be recoded.


Harry

I went ahead and had it recoded. It is different as it analyzes four regression methods:

linear, quadratic, logarithmic and exponential