Least Square MA
Description:
The Least Square Moving Average indicator allows you to assess the direction of the market movement and its possible reversals. The indicator is a line that is displayed in the price window.
Input parameters:
LSMA_Period – the period for calculating the moving average using the least squares method;
Prediction – the number of candles used to construct the predicted moving average using the least squares method, provided that its rate (falling or growing remains);
Display_Bars – the number of displayed bars (if 0, all are displayed).
Can be used to determine:
– trend direction;
– identification of potential reversal points;
– placing Stop Losses or Take Profits.
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