ALRMA trend indicator for MT5

ALRMA - linear regression coefficient indicator.

Input parameters

• Period LRMA - the number of bars to calculate the indicator;
• Period signal - the number of bars for the calculation of the signal line;

This indicator was created to as closely as possible to determine the direction of price movement. With it is possible to quickly and accurately identify a given time interval value and strength of the trend.

Linear regression is a statistical tool used to predict future prices based on past data. Least squares method is used to construct the "most appropriate" straight line passing through a series of values ​​of price points.

As the basis of the indicator taken coefficient of linear regression equation. This indicator is a good use for automatic and manual trading.