Linear Regression Trend Channel with Entries & Alerts

Please Use this Indicator If you understand the risk posed by linear regression trend channel

Features

• Provides trend channel (best value for period is 40 on 5 minute timeframe
  
• Provides BUY/SELL entries based on current channel
  
• Provides custom color for channel
  

Best used with MattyPips strategy indicators


Risks: Please note, this script is the likes of Bollinger bands and poses a risk of falling in a trend range.
Entries may keep running on the same direction while the market is moving.

Versionsinformation:

Version 0.2

• Added alerts for BUY/SELL/GENERAL (both cases)
  
• Added previous entries using Look Back