I developed an indicator named RegressionChannel some time ago, and for last days it works really well for NZDUSD on 4 hours. See attached image. It works excellent on flat and not as good on trends.
http://www.forextester.com/files/MkFiles/indicator.gif
Though, sometimes it works on trends too
http://www.forextester.com/files/MkFiles/indicator1.gif
http://www.forextester.com/files/MkFiles/indicator.gif
Though, sometimes it works on trends too
http://www.forextester.com/files/MkFiles/indicator1.gif
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