Accelerator LSMA Indicator (Source Code)

Highlights

📊 All Markets

💻 MetaTrader 4

🔓 Unlimited

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Description

Accelerator LSMA is a technical indicator for the MetaTrader 4 (MT4) trading platform. It is based on two other indicators: the Accelerator Oscillator and the Linear Regression Slope Moving Average (LSMA).

The Accelerator Oscillator is a histogram that shows the difference between the Awesome Oscillator and its 5-period moving average. The Awesome Oscillator is calculated as the difference between the 34-period and 5-period Simple Moving Averages (SMA) of the median price (the average of the high and low prices). The Accelerator Oscillator is designed to give early warning of changes in momentum and trend.

The LSMA is a type of moving average that uses linear regression analysis to estimate the slope of the trend. It is calculated by taking the linear regression of the closing prices over a specified period (e.g., 20 bars) and then calculating the moving average of the resulting slope values.

The Accelerator LSMA indicator combines the Accelerator Oscillator and the LSMA to provide a more sensitive and accurate signal of changes in trend and momentum. It plots a line that represents the LSMA of the Accelerator Oscillator, which is calculated as the moving average of the Accelerator Oscillator values over a specified period (e.g., 5 bars).

Settings

Indicator in Action

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