What is R-Squared?
R-Squared is an analysis tool that quantifies trend strength and consistency using R-squared.
How to use R-Squared
Follow the R-Squared line on the chart. High readings can indicate that a trend is more likely to continue.
Where it helps
Assess trend strength and consistency together
Distinguish sustained high readings from isolated highs
Use the R-Squared line to organize a trend-quality review
MT5 Indicator Parameters
The table below lists the available MT5 indicator parameters. You can customize these options in the MetaTrader Inputs dialog to match your trading preferences.
| Parameter | Description |
|---|---|
| indicator period | Displays the setting currently configured as 12. Default: 12. |
| moving average period | Displays the setting currently configured as 5. Default: 5. |
| moving average smoothing method | Displays the setting currently configured as Simple. Default: Simple. |
| price constant | Displays the setting currently configured as Weighted price. Default: Weighted price. |
| moving period | Displays the setting currently configured as 14. Default: 14. |
| Horizontal shift of the indicator in bars | Displays the setting currently configured as 0. Default: 0. |
The screenshot above shows the default input parameters in the MT5 settings window.
How to Install .ex5 Indicator in MetaTrader 5
- Download the ZIP file and extract it.
- In MT5, select File → Open Data Folder.
- Open MQL5 → Indicators and copy the EX5 or MQ5 file into it.
- If the package includes library files, copy them to MQL5 → Libraries. Copy TPL files to the top-level templates folder.
- Restart MT5, find the indicator in the Navigator, and drag it onto a chart.
Test the tool on a demo account first. File contents and required folders can vary between packages.
