Hi Nicholas,
I would be grateful if you would be willing to convert the CoeffOfLine mq4 indicator to prorealtime. I have attached the mq4 file.
Thank you very much.
CoeffofLine indicator shows the most likely future price direction (2-3 bars).
The indicator depends on symbol, timeframe and period. If the indicator is turned up, it’s a signal to open long position. A signal to close long position is: turn down of the indicator and a confirmation from lower timerframe (negative values). The similar rules for short position: turn down on the current timeframe, for closing of short position it needs a confirmation from lower timeframe (positive values).
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