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Linear Regression Channel Without center line

  • #1
  • First Post: Apr 1, 2013 7:01am Apr 1, 2013 7:01am
Is there an indicator that works like the standard MT4 Linear Regression Channel,
but the center line can be turned off or its color changed?

To make it clear: I'm not looking for any other LRC (there is a dozen),
but it should work similar to the builtin, that means,
it still can be dragged and resized with the mouse pointer.

Sven
  • #2
  • Apr 1, 2013 7:29am Apr 1, 2013 7:29am
Try changing the indy properties style to 'none' or set the colour to your charts background colour.

Here's an excellent LRC.
Politics is the womb in which war develops.
  • #3
  • Apr 1, 2013 7:38am Apr 1, 2013 7:38am
Quoting FiatFap
Try changing the indy properties style to 'none' or set the colour to your charts background colour.
Then I cant see the channel anymore. All I want is getting rid of the center line.

Quote
Here's an excellent LRC ("http://codebase.mql4.com/4332").
The channel can not be dragged or resized using the mouse.
  • #4
  • Apr 1, 2013 7:53am Apr 1, 2013 7:53am
Here's the code for the SDC; looks like you can't delete the centre line as that's the whole point of the indy.

Found a script that draws trendlines based on the SDC, so you could have a play with that.
Politics is the womb in which war develops.
  • #5
  • Edited 8:18am Apr 1, 2013 8:06am | Edited 8:18am
Quoting FiatFap
Here's the code ("http://codebase.mql4.com/ru/source/3914") for the SDC; looks like you can't delete the centre line as that's the whole point of the indy.
Thank you.
Everything based on "OBJ_REGRESSION" probably won't help.
I guess.

Update: A dirty hack could lay a solid and background colour trend line above the center line.
Maybe I try that. But not today.
  • #6
  • Apr 1, 2013 8:18am Apr 1, 2013 8:18am
Here you go....Happy Easter!
Attached File(s)
File Type: mq4 b_Regression_Analysis_v2.mq4   14 KB | 1,986 downloads
  • #7
  • Apr 1, 2013 8:28am Apr 1, 2013 8:28am
Quoting timeandprice
Here you go....Happy Easter!
Happy Easter to you ...

Thats also a very nice indicator (I already knew before).
Still, it doesnt do what I'm asking for.
Folks, it's very kind of you, but posting gazillions of regression channel indis is not the point.
  • #8
  • Apr 1, 2013 8:47am Apr 1, 2013 8:47am
I suspect, what I'm looking for does not exist.
Either channels are based on their hardcoded MQL objects (no settings for the center line),
or they cant be resized using the mouse (to difficult to do, nobody else needs that).

Anyway, thanks to everybody.
  • #9
  • Jan 14, 2015 8:32pm Jan 14, 2015 8:32pm
you could try this one: http://www.mql5.com/en/code/8016 (I think I will mod. it to give alerts also)
PM me with coding requests and I'll probably put you on my ignore list
  • #10
  • Last Post: Jan 14, 2015 8:58pm Jan 14, 2015 8:58pm
Quoting fxdaytrader_
you could try this one: http://www.mql5.com/en/code/8016 (I think I will mod. it to give alerts also)
ok, attached is a first try, i think the settings are self-explanatory.
alerts will be fired if the high of the signalcandle breaks the upper channel border, or if the low breaks the lower channel border.

if the indicator is running in mode=1 (high/low) alerts will be fired if the high or low of the candle is within the user-defined piprange.

So imho it is recommended to set signalcandle=0 (current candle)

I think it will work, although it is rather late in the nite and I cannot sleep ...
Attached File(s)
File Type: ex4 LinearRegressionChannel.uLinRegrBuf Alerts mod. fxdaytrader.ex4   20 KB | 1,936 downloads
File Type: mq4 LinearRegressionChannel.uLinRegrBuf Alerts mod. fxdaytrader.mq4   9 KB | 2,543 downloads
PM me with coding requests and I'll probably put you on my ignore list
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