This is the 'New ROOM' for Something interesting in Metatrader 5 indicators
Re: Something interesting please post here (Metatrader 5)
2Linear Regression Histogram
[*] This indicator is created by LuxAlgo
This indicator is inspired by traditional statistical histograms. It will return the number of occurrences of price falling within each interval (bins) of the linear regression channel. This can be useful to highlight zones of interest within a trend.
Settings :
Usage :
The indicator is constructed by dividing the linear regression channel range into a series of intervals (bins) of equal width. We then count the number of price values falling within each interval.
MEMO :
Avaible in TV [TradingView} : https://www.tradingview.com/script/1nJP ... m-LuxAlgo/
[*] This indicator is created by LuxAlgo
This indicator is inspired by traditional statistical histograms. It will return the number of occurrences of price falling within each interval (bins) of the linear regression channel. This can be useful to highlight zones of interest within a trend.
Settings :
- Length : Number of recent closing prices used for the computation of the linear regression.
- Bins Number : Number of intervals constructed from the linear regression channel.
- Multiplier : Multiplicative factor for the RMSE. Controls the width of the linear regression channel.
- Source: Input source of the indicator.
- Show Histogram : true or false
Usage :
The indicator is constructed by dividing the linear regression channel range into a series of intervals (bins) of equal width. We then count the number of price values falling within each interval.
MEMO :
Avaible in TV [TradingView} : https://www.tradingview.com/script/1nJP ... m-LuxAlgo/
Always looking the GREAT, never left GOOD Point...
Re: Something interesting please post here (Metatrader 5)
3Tsar wrote: Fri Jan 02, 2026 4:53 am Linear Regression Histogram
[*] This indicator is created by LuxAlgo
This indicator is inspired by traditional statistical histograms. It will return the number of occurrences of price falling within each interval (bins) of the linear regression channel. This can be useful to highlight zones of interest within a trend.
Settings :
- Length : Number of recent closing prices used for the computation of the linear regression.
- Bins Number : Number of intervals constructed from the linear regression channel.
- Multiplier : Multiplicative factor for the RMSE. Controls the width of the linear regression channel.
- Source: Input source of the indicator.
- Show Histogram : true or false
Usage :
The indicator is constructed by dividing the linear regression channel range into a series of intervals (bins) of equal width. We then count the number of price values falling within each interval.
Linear Regression Histogram - M15.jpg
Linear Regression Histogram - M30.jpg
Linear Regression Histogram - H1.jpg
MEMO :
Avaible in TV [TradingView} : https://www.tradingview.com/script/1nJP ... m-LuxAlgo/
For CODER
SOURCE of Theory and Formula :
- Linear Regression Explained with Example & Application in https://www.statisticalaid.com/linear-regression
- Regression in Machine learning in https://www.geeksforgeeks.org/machine-l ... regression
- From Histograms to Linear Regression: Building Deep Statistical Intuition for Data Science in https://medium.com/intern-elite/from-hi ... d1c92ad567
NOTICE :
I wish you can further develop it in the Future
Always looking the GREAT, never left GOOD Point...
Re: Something interesting please post here (Metatrader 5)
4Hello everyone! I converted this indicator, including the labels and MTF to MT4. If there are any errors, please let me know here.Tsar wrote: Fri Jan 02, 2026 4:53 am Linear Regression Histogram
[*] This indicator is created by LuxAlgo
This indicator is inspired by traditional statistical histograms. It will return the number of occurrences of price falling within each interval (bins) of the linear regression channel. This can be useful to highlight zones of interest within a trend.
Settings :
- Length : Number of recent closing prices used for the computation of the linear regression.
- Bins Number : Number of intervals constructed from the linear regression channel.
- Multiplier : Multiplicative factor for the RMSE. Controls the width of the linear regression channel.
- Source: Input source of the indicator.
- Show Histogram : true or false
Usage :
The indicator is constructed by dividing the linear regression channel range into a series of intervals (bins) of equal width. We then count the number of price values falling within each interval.
Linear Regression Histogram - M15.jpg
Linear Regression Histogram - M30.jpg
Linear Regression Histogram - H1.jpg
MEMO :
Avaible in TV [TradingView} : https://www.tradingview.com/script/1nJP ... m-LuxAlgo/
Credits to TSAR and Luxalgo.
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