XLines
These indicators paint levels on the chart based on averaged over a certain amount of price movement dney.Ideya not new, but existing LEDs did not suit me. For example PivotPoints uses to calculate the previous day, when it was unusual, for example, flat , on a more active day you can get an inappropriate picture. Due to the fact that MT4 scaling graph may be mistaken to assess developments in the market and their scale. To determine the levels, XLines indicators use the average bar size for a certain period. Thus, we are not much dependent on the previous day.
XLinesReg builds levels based on the linear regression line. Regression is better suited for this purpose, since unlike MA, it can take into account a larger number of bars. In this version, it is calculated at each bar.
Days - number of days for averaging;
Period1 - the period of linear regression;
History - how many bars to paint over (0 - all bars). At large values ​​the indicator can be long considered on weak machines;
Step - if you are not satisfied with the standard step, you can pick another one;
Degree - you can also change the degree of regression to a polynomial one - but then the indicator will be considered even longer, we advise you to leave 1.