Integral Linear Regression Moving Average (ILRS MA).
The indicator has two input parameters:
- Period – calculation period;
- Applied price – price used for calculations.
Calculation:
ILRS[i] = (N*Sum1 – Sum*Sumy)/(Sum*Sum – N*Sum2) + MVA(I,N)
where
Sum = N*(N-1)*0.5, Sum2 = N*(N-1)*(2*N-1)/6, Sum1 = 1*Price[i-1] + 2*Price[i-2] + … + (N-1)*Price[i-N+1], Sumy = Price[i] + Price[i-1] + … + Price[i-N+1], MVA(i,N) – a simple moving average (SMA), N - Period.
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