Regression channel breakout indicator draws trend channels on a selected timeframe along with market entry signals and targets. Download Regression channel breakout indicator mq4 for free and test it out yourself.
How to use the Regression channel breakout indicator?
The channel breakout indicator can be used on any major instrument and relatively on any timeframe. Although 15min and H1 timeframes would be preferable.
Market should be entered according to the signal projected based on the direction of a breakout and the underlying trend. Nearby support or resistance level is indicated by a green arrow which can be taken as the main target.
Alternatively, you can use trailing stops, price cation, or any other preferred method. Stop-loss should be placed above or below the opposite channel boundary. Lastly, risk per entry should be proportional to the traded timeframe. The lower the timeframe, the lower risk per order should be taken.
Download Regression channel breakout indicator
You can download Regression channel breakout mq4 indicator for free by clicking the “Download” button located at the bottom of the screen.
Create your own custom EA or indicator
If you would like to create your own custom indicator or an EA, please contact AtoZ team saying “I want to create my own EA/indicator,” and describing your desired tool. Also, don’t miss out on various other indicators and EAs you can find in our database here.
How do you install an indicator on MT4?
In order to install this Regression channel breakout indicator on your MT4, you need to:
1. Click on “Download” button above to download channel breakout mq4;
2. Save the the file to your computer;
3. Extract and move the files into: >> MQL4 >> Indicators;
4. Restart your Metatrader platform;
5. Navigate through “Insert” >> “Indicators” >> “Custom”;
6. Select “Dserg-LinRegressionBreakout_v1.1eng” and apply to your chart;
Note: Regression channel breakout indicator was developed by Dserg and sent by an AtoZ Markets follower from the United Kingdom Ricky. AtoZ Markets does not carry any copyrights over this trading tool.