ALRMA trend indicator for MT4

ALRMA is the linear regression ratio indicator.

Input Parameters

• Period LRMA – the number of bars to calculate the indicator;
• Price calculate LRMA – price used to calculate the indicator;
• Period signal moving average – number of bars for signal line calculation;
• Method signal moving average – signal line calculation method.

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.