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Linear_Regression_Line_wAppliedPrice
//+------------------------------------------------------------------+
//| Linear Regression Line.mq4 |
//+------------------------------------------------------------------+
#property copyright "MetaTrader 4"
#property link "http://metatrader.com"
//---- indicator settings
#property indicator_chart_window
#property indicator_buffers 1
#property indicator_color1 Blue
#property indicator_width1 2
//---- input parameters
extern int LRLPeriod=21;
extern string p = "--Applied Price Types--";
extern string p0 = " 0 = close";
extern string p1 = " 1 = open";
extern string p2 = " 2 = high";
extern string p3 = " 3 = low";
extern string p4 = " 4 = median(high+low)/2";
extern string p5 = " 5 = typical(high+low+close)/3";
extern string p6 = " 6 = weighted(high+low+close+close)/4";
extern int MAAppliedPrice = 0;
//---- buffers
double LRLBuffer[];
int shift=0;
int n=0;
double sumx=0, sumy=0, sumxy=0, sumx2=0, sumy2=0;
double m=0, yint=0, r=0;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
SetIndexStyle(0,DRAW_LINE);
SetIndexBuffer(0,LRLBuffer);
IndicatorDigits(Digits);
if(LRLPeriod < 2) LRLPeriod = 2;
IndicatorShortName("Linear Regression Line ("+LRLPeriod+")");
SetIndexDrawBegin(0,LRLPeriod+2);
IndicatorDigits(MarketInfo(Symbol(),MODE_DIGITS)+4);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
return(0);
}
//+------------------------------------------------------------------+
//| Linear Regression Line |
//+------------------------------------------------------------------+
int start()
{
double myPrice;
int limit;
int counted_bars=IndicatorCounted();
if(counted_bars<0) counted_bars=0;
if(counted_bars>0) counted_bars--;
limit=Bars-counted_bars;
for(int shift=limit-1; shift>=0; shift--)
{
sumx = 0;
sumy = 0;
sumxy = 0;
sumx2 = 0;
sumy2 = 0;
for(n = 0; n <= LRLPeriod-1; n++)
{
myPrice = Price(MAAppliedPrice, shift+n);
sumx = sumx + n;
sumy = sumy + myPrice;
sumxy = sumxy + n * myPrice;
sumx2 = sumx2 + n * n;
sumy2 = sumy2 + myPrice * myPrice;
}
m=(LRLPeriod*sumxy-sumx*sumy)/(LRLPeriod*sumx2-sumx*sumx);
yint=(sumy+m*sumx)/LRLPeriod;
r=(LRLPeriod*sumxy-sumx*sumy)/MathSqrt((LRLPeriod*sumx2-sumx*sumx)*(LRLPeriod*sumy2-sumy*sumy));
LRLBuffer[shift]=MathFloor((yint-m*LRLPeriod)/Point) * Point;
}
return(0);
}
double Price(int prMode, int myShift)
{
double pr;
switch (prMode)
{
case 0: pr = Close[myShift];break;
case 1: pr = Open[myShift];break;
case 2: pr = High[myShift];break;
case 3: pr = Low[myShift];break;
case 4: pr = (High[myShift] + Low[myShift])/2;break;
case 5: pr = (High[myShift] + Low[myShift] + Close[myShift])/3;break;
case 6: pr = (High[myShift] + Low[myShift] + 2 * Close[myShift])/4;break;
}
return (pr);
}
//+------------------------------------------------------------------+
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