ALRMA trend indicator for MT5
ALRMA is the linear regression ratio indicator.
- Period LRMA – the number of bars to calculate the indicator;
- Period signal – number of bars for signal line calculation;
The indicator helps you to define the price direction as accurately as possible. It also allows you to define the trend power on a specified time interval quickly and accurately.
Linear regression is a statistical tool used to predict future prices based on past data. It uses the least squares method to draw the "most suitable" straight line passing through a series of points of price values.
The indicator is based on the linear regression equation ratio. This indicator is a good one for using in the automated trading.