ALRMA trend indicator for MT4
ALRMA – linear regression coefficient indicator.
- Period LRMA – the number of bars to calculate the indicator;
- Price calculate LRMA – the price used to calculate the indicator;
- Period signal moving average – the number of bars for the calculation of the signal line;
- Method signal moving average – method of calculation of the signal line.
This indicator was created to as closely as possible to determine the direction of price movement. With it is possible to quickly and accurately identify a given time interval value and strength of the trend.
Linear regression is a statistical tool used to predict future prices based on past data. Least squares method is used to construct the “most appropriate” straight line passing through a series of values of price points.
As the basis of the indicator taken coefficient of linear regression equation. This indicator is a good use for automated trading.
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