LRMA – indicator MetaTrader 5
This indicator is calculated the following way: LRMA[bar] = 3.0 * LWMA(Price[bar]) – 2.0 * SMA(Price[bar]) where: LWMA() – linearly weighted smoothing; SMA() – simple smoothing; PRICE[] – price series value; bar – current bar index. This indicator clearly shows market trends dividing a price chart into two sectors. If a price is above the … Read more