LR Candles AM 外汇EA

This indicator displays candle prices on the chart, colored according to the data of a linear regression of various prices (at the user’s choice) for a selected period of time.

The user has the option to select two different price types and two different time periods. The indicator will display the moments of coincidence of the directions of the linear regression.

Usage:

• After the full formation of a candle colored in the opposite color to the previous candle, place a stop order at the high / low of such a candle.
• When the price overcomes such a high/low, a position will be opened.
• With the full formation of a candle painted in the opposite color, you should consider options for exiting the position or placing a stop order to close the position at the high / low of such a candle.

Custom Parameters:

• LR_1_Period – The first period for which the prices are taken to calculate the linear regression;
• LR_1_Price – Prices that are taken to calculate the linear regression for the first period;
• LR_2_Period – The second period for which the prices are taken to calculate the linear regression;
• LR_2_Price – Prices that are taken to calculate the linear regression for the second period.