Psevdo regress v2 Indicator

Psevdo regress v2 Indicatorhas the prefix "pseudo" because the line that draws the indicator is very similar to the regression line, but actually is not.
The graph drawn three lines of red and yellow flowers. The lines are drawn in red on the lower and upper fractals in an up and down trend, and yellow line is drawn between the two red lines, with the formation of a price channel between the two red lines and yellow lines in the middle, then make decisions about opening and closing positions adopted according to the "channel" strategy, or a breakdown of the channel lines, then choose for themselves what each trader.

indicator:

period - the number of bars (candles) to build the canal;
main_line - color "main" line;
sup_line - color support and resistance lines.
Description of parameters:

the more the option "Period" , the wider the channel will be built, it is necessary so if you're trying to catch the big trends and protracted, and the distance from the bottom to the top of the channel is greatly increased.

Despite the fact that the channel is drawn with red lines, yellow line is still a major in this indicator and therefore when making a decision about opening a particular position, you should pay attention to the direction and angle of the line relative to the price chart of currency tool.

The use of the trade:

as I mentioned at the outset, the tactics of trade along the lines of the indicator, should be either channel type, ie, within the channel, or opening position should be done in the breakdown of this same line, and output price chart of the channel.

Example of the "channel" of trade:

in this example will be used is "channel" tactics. The deal to open this tactic when the price is strictly within the channel, coming to one of its boundaries and "touches" her, the deal opens in the opposite direction, ie, on the rebound from the line, the initial stop is placed a little further this line of the channel would be better if this foot is always the same size up to a point, profit target is in this case, the opposite border of the same channel.

For a more conservative trade half open position should be closed when the price of the yellow indicator line, and at the opening of a position to set the parity, ie, to move our stop loss to breakeven. The remaining half of the warrants closed at the opposite border.

Download indicator Psevdo regress v2 for MT4